Define value sources and successfully integrate business units Phase-in implementation with detailed planning and strong program management Focus on sources of value and objectively design integrated organization Exceeded synergy targets, widened profit gap and stock price increased Extracting value from integrating business units Problem: Industrial Co is a highly diversified multi-billion dollar Asian conglomerate with over 50 businesses. Industrial Co had decided to privatise and integrate two of its businesses, which operated in complementary industry sectors. The aim was to create a scale global player in its field. Management was keen to extract significant cost synergies and revenue upside from the integration. Bain was engaged to: -Identify and drive maximum value and synergy from the integration -Design a new organisation which could extract maximum value from the businesses -Implement a platform for sustainable growth and industry leadership