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Process Safety Excellence in Mergers and Acquisitions Beyond Technical Due Diligence
Mergers and acquisitions have been on the rise for decades, promising–and delivering–fast penetration into new business sectors and geographical regions. At the same time, this type of inorganic growth can result in a potential rise in process safety incidents, as experience has unfortunately shown.
Good technical due diligence is not enough. When planning a merger or acquisition, a thorough assessment of the process safety practices, and culture of the organisation or site being acquired and a customised plan to bring them into alignment with the parent company are indispensable.
A seamless, safety-centered integration is achievable when the process safety procedures and practices of both organisations are properly assessed, and an effective integration plan is implemented and monitored.
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