Redefining M&A Success: How Devensoft Empowered Cibes Lift Group’s Journey to Excellence

THE CUSTOMER

Cibes Lift Group, a global leader in manufacturing platform lifts for both the public and private sectors, operates in over 50 countries, making them one of the largest lift companies worldwide. With an impressive annual revenue of approximately 200 million USD and a dedicated workforce of over 1,000 employees, Cibes Lift Group’s commitment to innovation and excellence has fueled their rapid growth.

CHALLENGES FACED

• Complex Integration: Cibes Lift Group recognized the intricate challenge of maintaining consistency in its integrations.
• Resource Allocation: A top logistical priority was allocating resources, including time, personnel, and finances, for multiple mergers and acquisitions.
• Risk Management: The team sought to proactively identify potential risks in newly acquired businesses as they knew it was essential to safeguard Cibes Lift Group’s interests.
• Data-Driven Decisions: Given the slightly diverse and dispersed nature of their M&A operations, Cibes Lift Group was looking to enhance their data-driven decision-making during the M&A process.
• Coordinating Team Efforts: A major goal of theirs was more efficient coordination of cross-functional teams for each acquisition, ensuring they worked cohesively, and were achieving faster progress.

Devensoft has aided Cibes Lift Group in its endeavour to take its M&A journey to the next level. From training to support, Devensoft provides the necessary tools and responsiveness to future-proof the M&A process. – Ivan Landos, M&A Coordinator, Cibes Lift Group

THE SOLUTION

Cibes Lift Group turned to Devensoft, a trusted partner in M&A management, to address their challenges comprehensively. Here’s how they succeeded:

• Setting Clear Objectives & Goals: Devensoft enables Cibes Lift Group to define clear M&A objectives and goals, ensuring alignment with their overarching strategic vision.
• Efficient Resource Allocation: The platform helps Cibes Lift Group allocate resources judiciously, streamlining the process and reducing waste.
• Continuous Strategic Planning: Devensoft provides a framework for continuous strategic planning, execution, and integration, ensuring consistency throughout the M&A journey.
• Proactive Risk Management: Cibes Lift Group harnesses Devensoft’s capabilities to identify potential risks early and establishes proactive risk management measures.
• Data-Driven Decisions: Devensoft’s data analytics tools empowers Cibes Lift Group to make informed, timely decisions, boosting efficiency.
• Team Coordination: The platform facilitates seamless team coordination, breaking down silos and enabling faster progress.

THE RESULTS

Cibes Lift Group’s partnership with Devensoft has yielded remarkable results:

• Efficient Pipeline Management: The M&A pipeline became more manageable, allowing Cibes Lift Group to focus on high-priority deals.
• Smoother Tracking Process: The tracking process for each M&A deal became considerably smoother, reducing administrative burden.
• Time-Efficient Communications: Email communications became more time-efficient, leading to quicker response times and enhanced collaboration.
• Easier Post-Closing Management: Post-closing processes were easier to manage, reducing the risk of oversights and errors.
• Improved Integrations: Integrations of newly acquired companies saw significant improvement, resulting in enhanced operational efficiency.
• Centralized Information: Storing all M&A-related information in one accessible location greatly facilitated day-to-day operations, minimizing the risk of data fragmentation.

Cibes Lift Group’s journey with Devensoft exemplifies the transformative impact of streamlined M&A management, showcasing the immense potential of strategic collaboration in today’s dynamic business landscape.

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