ABSTRACT
Companies are constantly merging and taking over others or being taken over. With a merger, two or more companies combine to form a new, third enterprise. In takeovers, one player is taken over by the other, where the first one is completely absorbed by the party taking over. On the basis of the two starting points of the model, strategic independence and the need for autonomy, the possible integration models are created: conservation, symbiosis, absorption and holding company. With conservation there exists a strong need for autonomy and a limited need for strategic independence. The enterprises thereby function more or less independently but both belong to a larger enterprise. With Mergers and Takeovers, there are often changes in the enterprises. This can cause employees to leave. Usually, these are employees with knowledge and experience because it is easier for them to get another job.
