Growth by acquisition: considerations and lessons learned

In order to grow, modern technology companies must employ an acquisition strategy in order to offset the rapid pace and risks inherent in internal product development. The marine technology market offers a unique opportunity for acquisition oriented companies because of the fractious nature of the industry. The probability that an acquisition will meet its expectations resides in the acquirer's ability to comprehend the complex issue associated with the change process and expeditiously address them. Excellent communication skills, an understanding of complex human resource problems, a willingness to change and strong leadership will greatly enhance the probability of acquisition success.