Paper info: ACQUISITION AS A PHASE IN INTERNATIONALISATION - THE END OF THE ROAD OR A NEW BEGINNING?
ACQUISITION AS A PHASE IN INTERNATIONALISATION - THE END OF THE ROAD OR A NEW BEGINNING?
Nigel Barrett and Richard Fletcher
Place of Publication
The paper was published at the 17th IMP-conference in Oslo, Norway in 2001.
This paper traces the latest stage in the internationalisation of James N. Kirby Ltd(now Heatcraft Australia Pty. Ltd.), a medium-sized family owned Australianmanufacturing firm established almost 80 years ago ? namely, its acquisition by a UScompany as part of the latter's internationalisation strategy. The paper considers theacquisition from the perspective of the internationalisation of both the firm acquiredand the firm that undertook the acquisition. Network theory has not traditionallyfocused on international acquisitions, the form of internationalisation in which JamesN. Kirby has recently been involved. In addition, network theory does not specificallyaddress acquisitions as part of the internationalisation strategy of acquiring firms. Inboth instances, the analysis in this paper is in terms of the networks in which eachfirm was embedded prior to the acquisition and how these networks resulted in theacquisition. The new networks that resulted from the acquisition is then discussed interms of the internationalisation of the parties involved.