Explanation: Post Merger Integration (PMI)

The term "Post Merger Integration" (PMI) refers to the process of bringing together and integrating two or more companies following a merger or acquisition. A PMI is designed to ensure that the merged companies can work together efficiently, make the best possible use of their resources and realize the desired synergy effects. PMI comprises various elements, including organizational, operational, financial, and cultural integration. Typical steps in this process also include strategic planning, IT integration and customer and supplier integration.

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