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LATEST NEWS & EVENTS Mergers and acquisitions 'a significant change for firms'  Mergers and acquisitions are some of the biggest things firms can go through, an expert has said. Commenting on the issue, Ben Scott-Knight, director at Concentra, said capturing the benefits of such activity is "far from simple", Fresh Business Thinking reports. He cited figures produced by KPMG, which suggested that around 70 per cent of acquisitions fail to achieve the aims that were identified at the start of the deal. Mr Scott-Knight remarked: "These statistics show that the establishment of a robust and lasting benefits tracking process is often overlooked." He went on to identify a number of reasons why firms can encounter problems when entering into such agreements. One issue is that they often fail to set up "robust benefits tracking processes" because they lack focus early on, he claimed. In addition, complications can arise as a result of the number of systems in place across different departments and divisions, he noted. Earlier this month, the Office for National Statistics revealed that expenditure on takeovers of UK firms by other companies based in the country fell from £1.9 billion in the third quarter of last year to £1.3 billion between October and December. 
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