Transformational acquisition
Transformational acquisition is an acquisition of a company or a division of it with the aim to jointly establish a new business model or to enrich the offer for its customers by different expertise and new solutions. This may be different production technologies or new capacity.McKinsey & Company, Insights & Publications, 2010: [http://www.mckinsey.com/insights/corporate_finance/the_five_types_of_successful_acquisitions The five types of successful acquisitions]
This definition is used in recent years only, but a significant number of mergers & acquisitions allocate their transaction to this type.Globalnewswire, April 2015: [http://globenewswire.com/news-release/2015/04/29/730103/10131488/en/Electrovaya-Completes-Transformational-Acquisition-of-Evonik-Litarion-GmbH-and-Licensing-of-SEPARIONTM-Intellectual-Property-a-Unique-Ceramic-Composite-Separator-from-Evonik.html Electrovaya Completes Transformational Acquisition of Evonik-Litarion]value and opportunity, July 2012: [http://valueandopportunity.com/2012/07/04/red-flags-for-investments-transformational-acquisitions-example-walgreen/ Red flags for investments: “Transformational” acquisitions ]Beyondthedeal.net, Nov. 2012: [http://beyondthedeal.net/blog/2012/11/19/carrying-out-a-successful-transformational-acquisition-and-integration/ Carrying out a successful Transformational Acquisition and Integration]strategy-business.com, May 2014: [http://www.strategy-business.com/article/00246?gko=3c307 Deals That Transform Companies]
List of examples for Transformational Acquisitions
class="wikitable" | |||
Year | Purchaser | Purchased | Transaction value |
---|---|---|---|
1999 | Vodafone Airtouch PLC{{cite news| url=https://money.cnn.com/2000/02/03/europe/vodafone/ | work=CNN | title=Mannesmann to accept bid - February 3, 2000 | date=February 3, 2000}} | Mannesmann | 220 bill. US$ |
1996 | Novartis | Ciba-Geigy and Sandoz | 30 bill. US$ |
2014 | MMGBloomberg, July 2014: [https://www.bloomberg.com/news/videos/b/68b342d9-8f81-4c6e-89b0-b8e0246382ad Las Bambas Transformational Acquisition] | Las Bambas | 5.85 bill. US$ |
2015 | Clinigen GroupInsidermedia, April 2015: [http://www.insidermedia.com/insider/midlands/138553-/ Clinigen completes "transformational" acquisition] | IDIS Pharma | 225 mill. £ |
2015 | Electrovaya | Evonik Litarion | not published |
See also
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- Mergers and acquisitions
- Takeover
- Management control
- Management due diligence
- Merger integration
- Successor company
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