Competence Center Mergers and Acquisitions

Mergers and acquisitions are an important engine of transformation in the global economy with significant influence on national and international production networks, market relations and competitive dynamics. Since they can trigger strong reactions in financial markets and can have far-reaching consequences for employees, suppliers and customers, they are often of great public interest. As a whole, mergers and acquisitions are associated with complexity and risk. In addition, the available research data suggest that acquisitions in many cases fall short of expectations. Competence Center for Mergers and Acquisitions analyzes and scrutinizes current developments in this area.

We examine various aspects of the transaction process in different research projects: from the strategic decision-making phase to the organizational implementation and long-term implications of non-organic growth. We try to identify dysfunctional behavior patterns and shed light on possible solutions. We use different methods like panel analysis, event study methodology, and case studies to explore interaction of different actors like internal strategy and M&A departments, boards of directors, supervisory boards, financial market participants, analysts and advisers. A particularly topical focus is on the analysis of acquisition programs and strategic processes of serial buyers, in particular with the development of digital tools for transaction process management.

Competence Center Management

Prof. Dr. Tomi Laamanen

He is chair holder and Professor of Strategic Management and a member of the Board of Directors of the Institute of Management at the University of St. Gallen. Tomi Laamanen holds PhDs in finance and strategy.

Dr. Xena Welch Guerra

She is doing her habilitation and works as a lecturer in strategic management at the Institute of Management of the University of St.Gallen. She has completed her doctorate at the University of St. Gallen with the highest honors and has received several national and international awards.

Daniel Michels

Is head of the Center for Mergers & Acquisitions at the Institute of Management and Strategy at the University of St.Gallen. He has over 20 years of experience in management consulting and has provided operational support to international companies in the context of M&A, PMI and transformations.