A Canadian company is an odd beater. When it comes to mergers and acquisitions in Canada, it pays to do some homework and Appnovation Technologies is proof of that. The global digital market is a competitive one, but the founder of Appnovation has 15 offices around the world with around 250 employees, but getting there wasn't easy, especially since the company's founder is only in his early 30s.
With offices already in the United States, Hong Kong and Britain, the company set its sites on Europe last year. It knew it would take some skill to make inroads to that market, so Appnovation decided to acquire an already-established company as a starting point. The planning took about nine months, but a company with a presence in Belgium and the Netherlands was finally acquired.
But the company had a game plan going in, which is important in the world of mergers and acquisitions. Having a strategy could mean the difference between success and disaster, especially for business conducted globally where mergers could mean the joining of two or more different cultures. In fact, a business expert and professor at Ivey Business School said failure of global acquisitions can be because of a poor target, an integration team that doesn't work well after the acquisition and the fact many can't walk away.
Mergers and acquisitions in business are not quick and require a lot of work. It is necessary to know the legalities associated with these type of business deals in Canada and abroad, and a lawyer's experience can prove invaluable. A lawyer can provide guidance for everything from proper documentation to advice about the legal aspects of the mergers and acquisitions process.
Source: globeandmail.com, "Canadian company beat the odds with global acquisition", Daina Lawrence, Dec. 4, 2017