Tracking committed realized synergies following $8b asset acquisition

Success story

Industry

Building materials

Location

Dublin, Ireland

Solution

Initiative management, Benefit tracking

Share this case study

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