Title: Integration and synergies of operations in horizontal M&A

Authors: Lotta Hakkinen, Olli-Pekka Hilmola

Addresses: Logistics, Department of Marketing, Turku School of Economics and Business Administration, Rehtorinpellonkatu 3, FIN-20500 Turku, Finland. ' Logistics, Department of Marketing, Turku School of Economics and Business Administration, Rehtorinpellonkatu 3, FIN-20500 Turku, Finland

Abstract: This paper discusses the relation between operations management and horizontal mergers and acquisitions (M&A). Of special interest is the possibility for companies to benefit from M&A in the form of cost- and revenue-based synergies. The purpose of the paper is to provide an extensive and focused literature review of this topic and to assess the importance of these issues in practical situations by illustrating and summarising previous research in the field. Results provide evidence of both synergies types and suggest that successful M&A will often benefit from both whereas an M&A strategy focusing solely on one type may contain drawbacks.

Keywords: operations management; mergers; acquisitions; synergies; literature review; strategic management; horizontal mergers and acquisitions.

DOI: 10.1504/IJMED.2005.006563

International Journal of Management and Enterprise Development, 2005 Vol.2 No.3/4, pp.288 - 305

Published online: 21 Mar 2005 *

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