Mergers & Acquisitions - Communications and Change Management
Who was the client?
The CEOs/Presidents and executive leadership teams of two merging biotechnology companies with combined annual sales of more than $3 billion, and more than 9,000 employees in 160 countries.
What did we do?
Blue Beyond Consulting led the team responsible for planning and implementing all merger-related employee, partner and customer communication. We helped facilitate a successful integration by:
- Implementing all internal communications through merger and integration
- Advising on external communications through all phases of the merger process
- Sitting on the cross-functional Executive Integration Team to align, develop and execute on all communications in support of the business, legal and regulatory strategies
Specific activities included:
- Created and implemented a communications strategy and roadmap for every aspect of the merger, including the organizational structure, new leadership, business strategy, vision, mission, values and cultural attributes of the new company
- Created and executed on a comprehensive communications plan to coordinate messages, timing, and channels of communications with all internal and external audiences
- Developed a change management strategy for a significant number of major changes impacting leaders, employees and stakeholders of both companies
- Launched multiple communication venues/forums for employees to clarify business strategy, process, timeline, expectations and future changes
- Designed and implemented leadership communications including managers’ tool kits, executive/employee forums, site visits, and a three-day conference for directors and above
- Partnered with Sales/Marketing Teams to execute a brand communications strategy
- Partnered with HR to provide clear and regular communications to address employee questions and concerns regarding job security, organizational changes, benefits, etc.
- Developed a Leadership Profile, which was rolled out in training/culture workshops, and formed the basis of a new performance management process
What were the results?
- Successful, wide-scale integration of people and cultures of the two companies
- Employee engagement – employees remained aligned, motivated and productive throughout the process, with minimal disruption to day-to-day operations
- Employee retention – company did not lose any employees it did not want to lose
- Positive post-merger climate surveys reflected positive results
