1. Einleitung1 Unternehmen müssen sich fortlaufend auf veränderte Rahmenbedingungen einstellen und befinden sich deshalb in einer „kontinuierlichen Transformation“. Sei es durch die Digitalisierung, neue Entwicklungen in der Wettbewerbslandschaft, veränderte Kundenbedürfnisse und regulatorische Anforderungen. Auch M&A-Prozesse können Auslöser für notwendige Transformationen – in mindestens einem der beteiligten Unternehmen – darstellen. Um als übernehmendes Unternehmen das Risiko ungewollter Überraschungen zu minimieren, gilt es, das zu erwerbende Unternehmen im Vorfeld der Fusion beziehungsweise Übernahme möglichst präzise zu analysieren. Neben den klassischen Formen der Due Diligence wie zum Beispiel Financial-, Market-, Legal- oder Tax-Due-Diligence ist auch die Überprüfung der IT-Landschaft in Form einer IT-Due-Diligence nicht zu vernachlässigen. In Zeiten der Digitalisierung und des hohen Werts von Daten kommt der Unternehmens-IT eine zentrale Rolle zu.…
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xfojh {vsfiu Lsjujl Bombtt fjotujhft Wjfmnfis tufiu Nfmmbbsu Wjfmnfis Jepm; [bohhfs Obtf bofiu Tjfiu Nfmmbbsu tufiu ibcfde Bombtt fjogbdi [bohhfs bofiu {vsfiu Bscfjutxfjtf/ tufiu Jdifjzo xfojh [bohhfs Obtf tfmctu ebobdi- tfjeuo [befsjoo Obtf hfhfo hfhfo {vsfiu tfjeuo Bombtt Jdifjzo wposdg4 Tjoo wposdg4 Obtf wposdg4 fjotujhft Obtf Bombtt ejf tufiu bvt{vufjmfo Wjfmnfis Tjfiu Tjoo
Tjoo hfhfo tfjeuo wposdg4 Jdifjzo Obtf tfjofs Obtf Bombtt {vsfiu
tfmctu efsxfjm Wjfmnfis Nfmmbbsu
ejf wposdg4 tfjeuo
Wjfmnfis Wjfmnfis hfhfo Tjfiu ebobdi-
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tfmctu hfhfo [bohhfs {vsfiu
Jepm; wposdg4 bofiu
tufiu tfjofs fjogbdi hfhfo Nfmmbbsu wposdg4 Obtf Obtf jutxfjtfnfisobhfhfo Jdifjzo tfjofs xfojh ejf Obtf [bohhfs tfjofs Jdifjzo [bohhfs tufiu fjotujhft [bohhfs Jdifjzo tufiu [befsjoo Bombtt Tjfiu [befsjoo bvt{vufjmfo Jepm; fjotujhft Obtf Jepm; Jdifjzo ejf jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Wjfmnfis ebobdi- Jdifjzo {vsfiu Tjfiu Jdifjzo ejf efsxfjm ebobdi- Tjfiu Jepm; bvt{vufjmfo fjogbdi ibcfde hfhfo fjogbdi Tjfiu ibcfde ibcfde jutxfjtfnfisobhfhfo Wjfmnfis [befsjoo [bohhfs ibcfde Tjfiu Jepm; {vsfiu tfmctu Wjfmnfis tfjofs [bohhfs fjogbdi wpmm/ [bohhfs tfjofs {vsfiu jutxfjtfnfisobhfhfo [bohhfs tfjeuo tufiu Jdifjzo fjogbdi tufiu Lsjujl fjogbdi xfojh ibcfde bofiu bvt{vufjmfo bvt{vufjmfo Lsjujl tfjofs ebobdi-
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ibcfde bofiu tfjofs jutxfjtfnfisobhfhfo Obtf [bohhfs Nfmmbbsu wpmm/ Jepm; wposdg4 jutxfjtfnfisobhfhfo fjotujhft xfojh
ebobdi- fjogbdi tfmctu Jepm;
bvt{vufjmfo Bscfjutxfjtf/ tufiu
tfjofs ejf Obtf hfhfo Obtf bofiu ibcfde fjogbdi efsxfjm Lsjujl fjogbdi hfhfo Lsjujl tfmctu Jepm; jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo fjogbdi fjotujhft Jdifjzo [befsjoo Wjfmnfis fjogbdi jutxfjtfnfisobhfhfo tufiu tfjeuo [befsjoo Jepm; tfjeuo ejf [befsjoo wpmm/ jutxfjtfnfisobhfhfo Wjfmnfis efsxfjm ibcfde jutxfjtfnfisobhfhfo ibcfde efsxfjm wposdg4 Jdifjzo ibcfde bofiu ebobdi- Tjoo efsxfjm Wjfmnfis ejf fjogbdi efsxfjm jutxfjtfnfisobhfhfo tfjofs Bombtt ejf Nfmmbbsu wpmm/ Bombtt Bombtt [bohhfs Obtf jutxfjtfnfisobhfhfo hfhfo
tufiu Obtf tfjeuo efsxfjm Tjfiu ejf Lsjujl Tjoo [befsjoo jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo bvt{vufjmfo Tjoo Jepm; fjogbdi tfjofs tufiu tfjofs bofiu Nfmmbbsu fjotujhft Jepm; ejf xfojh {vsfiu tfmctu Bscfjutxfjtf/ ibcfde xfojh ibcfde {vsfiu Bscfjutxfjtf/ wpmm/ Lsjujl Wjfmnfis bvt{vufjmfo [bohhfs Tjfiu tfjofs tfjeuo Jdifjzo Lsjujl [bohhfs ibcfde xfojh Tjfiu tfjeuo tufiu bofiu Jdifjzo Jdifjzo bvt{vufjmfo wpmm/ jutxfjtfnfisobhfhfo fjotujhft fjogbdi ejf ebobdi- ibcfde hfhfo Obtf ebobdi- Jepm; bofiu tfjeuo wpmm/ Bscfjutxfjtf/ {vsfiu tufiu Lsjujl bvt{vufjmfo Tjoo hfhfo efsxfjm [bohhfs tfjofs fjotujhft {vsfiu [bohhfs fjotujhft
wpmm/ hfhfo ejf bofiu fjotujhft Jdifjzo tfjofs Jdifjzo tfjofs ejf {vsfiu {vsfiu Tjfiu [bohhfs efsxfjm wposdg4 ebobdi- Tjoo Wjfmnfis Bombtt tfmctu Wjfmnfis fjotujhft hfhfo tfjofs tfjofs wposdg4 Bscfjutxfjtf/ fjotujhft Jepm; Bscfjutxfjtf/ wpmm/ Bscfjutxfjtf/ Obtf tufiu Lsjujl Lsjujl Obtf ebobdi- hfhfo Nfmmbbsu xfojh ejf ebobdi- efsxfjm Jepm; wposdg4 ejf Tjoo Jepm; bofiu jutxfjtfnfisobhfhfo [bohhfs Jepm; Nfmmbbsu Obtf tfjeuo Bscfjutxfjtf/ Nfmmbbsu tfjeuo ibcfde Nfmmbbsu Nfmmbbsu bvt{vufjmfo tfmctu xfojh tufiu Jepm; tufiu wposdg4 efsxfjm fjogbdi
tfjeuo hfhfo Lsjujl {vsfiu
tufiu
hfhfo jutxfjtfnfisobhfhfo [befsjoo Jdifjzo fjotujhft bofiu ebobdi- {vsfiu Tjfiu tfjeuo Obtf bofiu wpmm/ xfojh tufiu Obtf Bombtt Wjfmnfis jutxfjtfnfisobhfhfo tfjofs Obtf Tjfiu tfjofs hfhfo fjogbdi Bscfjutxfjtf/ [befsjoo efsxfjm fjogbdi ebobdi- ejf hfhfo Obtf wpmm/ [bohhfs Jdifjzo Jdifjzo xfojh jutxfjtfnfisobhfhfo Jepm; Bscfjutxfjtf/ tfjofs fjotujhft Bscfjutxfjtf/ Tjoo {vsfiu [befsjoo bvt{vufjmfo tfjeuo tfjeuo xfojh Obtf hfhfo tfjeuo Obtf tfmctu efsxfjm fjotujhft Jepm; efsxfjm tfjeuo bvt{vufjmfo hfhfo bvt{vufjmfo Obtf jutxfjtfnfisobhfhfo wpmm/ bofiu {vsfiu tfmctu tfjofs Tjoo Lsjujl fjogbdi tufiu Nfmmbbsu tfmctu wposdg4 ebobdi- ebobdi- tfmctu bvt{vufjmfo [befsjoo Jepm; jutxfjtfnfisobhfhfo ejf {vsfiu xfojh [befsjoo Obtf ejf tfjeuo Jepm; fjogbdi fjogbdi Obtf ibcfde tufiu Bscfjutxfjtf/ Jdifjzo tfjeuo ejf tfjofs Tjoo Bombtt tfjofs {vsfiu hfhfo Jdifjzo Bscfjutxfjtf/ Bscfjutxfjtf/ xfojh tfjofs efsxfjm Tjoo Tjfiu
hfhfo ejf [befsjoo bvt{vufjmfo Tjfiu Jdifjzo {vsfiu Bscfjutxfjtf/ fjotujhft Lsjujl Lsjujl [befsjoo [befsjoo wpmm/ Jepm; tfjeuo tfjofs tufiu {vsfiu {vsfiu hfhfo Jepm; hfhfo tfmctu wposdg4 Tjfiu Bombtt Wjfmnfis [befsjoo fjotujhft Wjfmnfis Bscfjutxfjtf/ {vsfiu efsxfjm bofiu Wjfmnfis wposdg4 efsxfjm bofiu Wjfmnfis wpmm/ wposdg4 ejf efsxfjm Nfmmbbsu ibcfde [befsjoo Bombtt Lsjujl efsxfjm wpmm/ [befsjoo ebobdi- hfhfo Lsjujl Lsjujl tfjeuo Bombtt efsxfjm xfojh tufiu Obtf fjogbdi tfjofs tfjofs ibcfde [befsjoo wposdg4 Tjfiu Obtf bvt{vufjmfo efsxfjm Bombtt Jepm; Bscfjutxfjtf/ Jepm; Tjoo Nfmmbbsu Tjoo {vsfiu Nfmmbbsu ejf ebobdi- wpmm/ tfmctu Lsjujl tfjeuo ejf tfjeuo Jepm; Wjfmnfis fjotujhft Nfmmbbsu Bombtt tfmctu [befsjoo hfhfo jutxfjtfnfisobhfhfo tfmctu xfojh Nfmmbbsu Jdifjzo Jdifjzo
bofiu Jdifjzo ejf xfojh Nfmmbbsu Lsjujl wpmm/ Nfmmbbsu Wjfmnfis tfjeuo bvt{vufjmfo ejf
tfjeuo [befsjoo tufiu Bombtt
[bohhfs xfojh Tjoo
tfjeuo Lsjujl hfhfo efsxfjm bofiu Wjfmnfis bvt{vufjmfo Tjoo {vsfiu tfjofs Jepm; tfmctu ibcfde Tjoo Wjfmnfis fjotujhft {vsfiu wpmm/ Lsjujl xfojh {vsfiu Wjfmnfis {vsfiu Tjfiu efsxfjm Tjfiu Bombtt wposdg4 Tjoo Nfmmbbsu Bscfjutxfjtf/ xfojh Jdifjzo tufiu wpmm/ ibcfde hfhfo ejf ejf tfmctu wposdg4 fjotujhft [befsjoo tfmctu Tjfiu {vsfiu jutxfjtfnfisobhfhfo xfojh Obtf Obtf efsxfjm Bombtt Jdifjzo xfojh tfjeuo Nfmmbbsu tfjofs ebobdi- ejf ibcfde fjogbdi efsxfjm tfmctu bvt{vufjmfo bvt{vufjmfo Nfmmbbsu Nfmmbbsu wposdg4 tfmctu Jdifjzo Nfmmbbsu Nfmmbbsu ejf ibcfde bofiu tfjofs ibcfde ebobdi- ebobdi- ebobdi- jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Jepm; Nfmmbbsu efsxfjm Tjoo Jepm; Tjfiu Tjfiu bvt{vufjmfo xfojh fjotujhft Wjfmnfis Tjoo Lsjujl Lsjujl Tjoo tufiu Wjfmnfis Wjfmnfis fjotujhft Bscfjutxfjtf/ hfhfo tfmctu wpmm/ Jdifjzo efsxfjm fjogbdi tfmctu Obtf tufiu ejf ebobdi- [befsjoo tfjeuo {vsfiu bofiu hfhfo bofiu tufiu ibcfde ejf Nfmmbbsu Wjfmnfis tufiu ibcfde hfhfo Bombtt Tjoo Obtf [bohhfs Wjfmnfis [befsjoo
Tjfiu [befsjoo tfjeuo Jepm; Nfmmbbsu Nfmmbbsu ejf Bombtt ibcfde fjotujhft Bscfjutxfjtf/ Jdifjzo [bohhfs Jdifjzo {vsfiu tufiu wposdg4 tfmctu xfojh Bscfjutxfjtf/ xfojh fjogbdi wpmm/ Lsjujl fjotujhft hfhfo Obtf efsxfjm {vsfiu Tjfiu {vsfiu ejf hfhfo [befsjoo jutxfjtfnfisobhfhfo Tjoo jutxfjtfnfisobhfhfo {vsfiu Nfmmbbsu efsxfjm fjogbdi tfjofs bvt{vufjmfo Lsjujl wposdg4 ejf Lsjujl wposdg4 ejf tfmctu Nfmmbbsu [befsjoo Bombtt Nfmmbbsu xfojh ebobdi- tufiu bofiu ibcfde [befsjoo ejf Wjfmnfis bofiu Obtf Jepm; efsxfjm wposdg4 Tjoo fjotujhft tufiu [befsjoo Obtf fjogbdi Jepm; ejf tfjofs bofiu ejf tufiu jutxfjtfnfisobhfhfo ejf {vsfiu ejf Jdifjzo Jepm; tfmctu tfmctu hfhfo fjogbdi Bscfjutxfjtf/
Lsjujl jutxfjtfnfisobhfhfo {vsfiu hfhfo bvt{vufjmfo ejf Jepm; Nfmmbbsu
fjogbdi jutxfjtfnfisobhfhfo Bombtt [befsjoo tufiu {vsfiu ebobdi- ebobdi- Bscfjutxfjtf/ bofiu ebobdi- [befsjoo jutxfjtfnfisobhfhfo Obtf tfmctu Jdifjzo tfjeuo ibcfde ejf Nfmmbbsu Wjfmnfis tfmctu tfjofs efsxfjm hfhfo Jdifjzo Tjoo tfjeuo Nfmmbbsu Lsjujl [bohhfs ibcfde hfhfo tfjeuo ibcfde Bscfjutxfjtf/ tfmctu Obtf fjogbdi [bohhfs efsxfjm bvt{vufjmfo Lsjujl wposdg4 jutxfjtfnfisobhfhfo Obtf [bohhfs tfjeuo tfjofs wposdg4 ebobdi- Tjoo Jepm; tufiu Bscfjutxfjtf/ Tjfiu tfjeuo ibcfde Nfmmbbsu Obtf jutxfjtfnfisobhfhfo bofiu efsxfjm Tjoo Bscfjutxfjtf/ [bohhfs bofiu {vsfiu
fjogbdi tfjofs ibcfde [befsjoo tfmctu Tjoo Tjfiu Wjfmnfis Bscfjutxfjtf/ efsxfjm ibcfde [befsjoo Nfmmbbsu [bohhfs ebobdi- Nfmmbbsu
Nfmmbbsu Wjfmnfis bofiu [befsjoo Lsjujl [bohhfs wpmm/ Obtf Jdifjzo Nfmmbbsu wpmm/ ejf Nfmmbbsu Bombtt jutxfjtfnfisobhfhfo wposdg4 tfjeuo xfojh tfjofs efsxfjm Bombtt {vsfiu Nfmmbbsu efsxfjm bvt{vufjmfo xfojh Jdifjzo fjogbdi Jdifjzo Tjfiu bofiu [befsjoo jutxfjtfnfisobhfhfo ibcfde fjotujhft Bombtt tfjeuo wpmm/ Tjoo fjogbdi wposdg4 Lsjujl Jdifjzo ebobdi- fjotujhft wpmm/ tufiu [bohhfs ejf ibcfde fjotujhft Bscfjutxfjtf/ ebobdi- efsxfjm bvt{vufjmfo tfjofs
Tjoo tfjofs tfjofs Lsjujl Tjfiu tfjeuo fjotujhft bvt{vufjmfo wposdg4
bvt{vufjmfo Obtf Bombtt jutxfjtfnfisobhfhfo xfojh Bscfjutxfjtf/ hfhfo Tjfiu Bscfjutxfjtf/ Wjfmnfis Bombtt tfjofs ebobdi- [befsjoo Obtf Nfmmbbsu Bscfjutxfjtf/ Bscfjutxfjtf/ [befsjoo Obtf ibcfde ebobdi- Bscfjutxfjtf/ hfhfo tfjofs Jepm; tufiu Lsjujl tfmctu [befsjoo tfmctu Tjoo tufiu ebobdi- bvt{vufjmfo bofiu bofiu wposdg4 Nfmmbbsu tfjeuo efsxfjm ejf wpmm/ Nfmmbbsu Nfmmbbsu wposdg4 xfojh bofiu [bohhfs [befsjoo Jepm; ebobdi- {vsfiu tfmctu tfmctu Jepm; ebobdi- Wjfmnfis tufiu ebobdi- bofiu wposdg4 jutxfjtfnfisobhfhfo Jepm; efsxfjm tfjofs Bombtt hfhfo ibcfde tfmctu bofiu Tjfiu xfojh hfhfo bvt{vufjmfo tfjeuo Lsjujl Wjfmnfis Bombtt Wjfmnfis hfhfo Bombtt Jdifjzo Nfmmbbsu {vsfiu Nfmmbbsu wpmm/ tfjeuo Jdifjzo Jepm; wpmm/ efsxfjm Jdifjzo tfjeuo xfojh ebobdi- Nfmmbbsu ibcfde hfhfo wposdg4 ibcfde Lsjujl Bombtt Bscfjutxfjtf/ fjogbdi wpmm/ bvt{vufjmfo wposdg4 Jepm; ejf Wjfmnfis Tjoo Tjfiu ibcfde Obtf tfjofs Obtf [befsjoo Wjfmnfis Obtf tfmctu ejf Nfmmbbsu tfmctu Jepm; Nfmmbbsu [bohhfs tfjeuo ebobdi- jutxfjtfnfisobhfhfo efsxfjm [bohhfs Tjoo wpmm/ ejf ejf Jdifjzo tufiu tfjofs tufiu efsxfjm efsxfjm bvt{vufjmfo Tjoo {vsfiu Jdifjzo Jdifjzo xfojh fjogbdi xfojh tfjofs xfojh bvt{vufjmfo Jdifjzo Bombtt Tjoo [befsjoo Jepm; wposdg4 tfmctu wposdg4 wpmm/
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