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Friday, 8 June 2012

Acquisitions Distracted Hastie Management?

The ABC Inside Business program had two short segments on the collapse of the Hastie Group last weekend. Including a discussion on the large number of acquisitions undertaken by Hastie, and the lack of integration. Video can be found at: http://bit.ly/MgU7Yk

The Inside Business panel makes the point that management was so busy trying to absorb the 20 acquisitions  undertaken since 2005 (resulting in 80 entities, 44 companies, and 27 payrolls), that they weren't keeping an eye on other aspects of running the business.

An alternative view would be that Hastie's approach to acquisition strategy and integration provides an insight into how one of a range of issues in the company was being managed, rather than the cause of management taking their eye off the ball.