Tracking committed realized synergies following $8b asset acquisition

Success story

Tracking committed realized synergies following $8b asset acquisition

Industry

Building materials


Location

Dublin, Ireland


Solution

Initiative management, Benefit tracking

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In 2015 CRH acquired $8Bn in assets from LafargeHolcin with commitments to realize significant synergies from the deal. i-nexus was chosen as ideal system to manage synergy initiatives and achieve full visibility into future savings.

Challenges

The challenges CRH had before choosing i-nexus: 
  •  how to create accountability for delivery of synergy benefits;
  •  how to keep focus on synergy realization as the acquisition is integrated;
  •  how to increase confidence in the forecast of expected savings. 
Solution

i-nexus software was implemented to track and validate benefits from 200+ synergy projects.  Also an automated monthly reporting cycle was implemented to drive accountability and enable management by exception.

Benefits

i-nexus provided CHR with a solid governance system for synergy realization and enabled them to align, track and gain full visibility on the integration initiatives.

Some of the benefits include: 
  •  increased confidence in synergy benefit projections;
  •  25% increase in % of commitments realised on-time;
  •  significant reduction in wasted effort reporting benefits. 

“i-nexus helped us to get a firm grip on the control and visibility of our synergy initiatives and savings. We now have far better governance in place to manage our current acquisition and the future ones ”
- Fillip Beyers, IMO Lead