Motiv för förvärv i en högteknologisk bransch

Sammanfattning: The M&A activity among companies worldwide increases every year, at the same time as much as 70 % of all M&A’s are being reviewed as failures. M&A’s are a fast mean of positioning for a company, which makes the strategy increasingly relevant for high-tech companies since the high tech industry can change in both quick and disruptive ways. This study aims to explore the most common motives which a high-tech company uses for M&A activity, as well as what alternative methods can be used to reach the same goals. To approach the problem eight companies in either high-tech industries or adjacent, with expertise and experience of M&A’s, were interviewed. In combination with the empirical study a literature study was performed to strengthen or impair the results of the information gathered in the empirical study, as well as offer a comparison between the two. The results show how companies often prioritize control over both R&D and resources over the risk of losing internal focus or time-to-market. Furthermore the study showed the importance of the corporate culture aspect of M&A’s. To achieve the wanted synergy effects, thorough work is needed both before and after an M&A to handle differences in corporate culture.