Framework

Post-acquisition integration styles

The question it answers

Having just bought a company, should the acquirer's leadership absorb, preserve, combine symbiotically or merely hold it, weighing strategic interdependence against target autonomy?

Origin
Haspeslagh & Jemison, 1991
Diagram type
2×2 matrix
Level of analysis
Firm
Chess knight on a glass compass, icon for strategy and leadership

Diagram

Post-acquisition integration styles

LowNeed for target autonomyHigh
Preservation

High autonomy, low interdependence: leave the target running on its own.

Symbiosis

Both high: two-way learning, gradual change.

Holding

Both low: essentially a financial relationship.

Absorption

Low autonomy, high interdependence: fold the target into the buyer.

LowNeed for strategic interdependenceHigh

Pitfalls

Pitfall

Choosing the style by culture rather than by the kind of value to be transferred.

Sources

References

Listed A–Z by author surname, Harvard style. A source with a DOI links to https://doi.org/…; one without links to its page or says plainly that it has no DOI.

  1. Haspeslagh, P.C. and Jemison, D.B. (1991) Managing acquisitions: creating value through corporate renewal. New York: Free Press.No DOISource page