14 Feb Good acquirer, bad acquirer
Posted at 12:07h in Comment[caption id="attachment_257" align="alignleft" width="150"] Honeywell - serial acquirer?[/caption] An interesting piece caught my eye: it's about Honeywell's approach to acquisition (read it here). They are evaluating about 100 potential acquisition targets and one of their criteria is how easy they will be to integrate. Businesses that undergo multiple acquisitions are often called ‘serial acquirers’, which has both good and bad connotations. Good, in that if done properly it can be a strategic deployment of capital in order to obtain capability, market reach and process performance that all enhance value and shareholder confidence. Definitely not to be sneezed at. Getting it wrong, on the other hand, can lead to a destruction of all this and the CEO’s career to boot.