The issue
An international group organized its Luxembourg activities
through two entities, which developed different know-how
and cultures. It has been decided to merge these entities
in order to create economies of scales, to promote
group spirit and to optimize the tax efficiency.
Our approach
A merger requires administrative, accounting or tax
work but it also has consequences in departments such
as human resources, IT, facility management or finance.
We took an active part in the whole merger process
and acted as coordinator of the project and technical
advisor.
Our first assignment covered the preliminary analysis
of the feasibility of the transaction and its tax
impacts. This phase helped us to determine the best
way to organize the process in order to limit administrative
work, tools and organizational changes.
Together with staff members of both entities, we
then inventoried the actions and all potential issues
of the merger process and the new structure.
We finally assisted the group in the implementation
(business license, new accounting system, etc).
The outcome
The merger is now effective and all objectives of
the restructuring have been met:
- Integration of production tools and staff
- Integration of administrative organization
- Definition of common goals in order to create
a new and unique culture
- Definition of a tax efficient structure
