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    Case Study

    Kvaerner acquires Trafalgar House: Eric Tonseth leads Kvaerner in Viking raid

    By Stewart Hamilton and Anne-Valérie Ohlsson
    28 pages
    December 2000
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    Reference: IMD-1-0182

    The Kvaerner case concerns the agreed acquisition by a Norwegian company of a UK based conglomerate with a very poor track record. The effect is to double the size of the enterprise, both in turnover and employment terms. The issues are post merger integration, synergy capture, cultural conflicts and management capacity. Other concerns are the price paid, the way in which the deal was financed, and the pressures to achieve an orderly asset disposal program. In addition, the question of investor relations becomes important, particularly Kvaerner’s strategy of growth by acquisition.

    Keywords
    Integration Plan, Management Capacity, Valuation, Deal Structure, Ship Building, Construction
    Settings
    April 1996
    Type
    Published Sources
    Copyright
    © 2000
    Available Languages
    English
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