Gary's Boring Blog: A New Beginning?

April 06, 2005

A New Beginning?

Sounds like the title of a Star Wars film, but no, I'm talking about work. The company I work for was recently merged with its parent company, so there will be lots of changes over the coming months. Here is a quick breakdown of the companies I have worked for, and the changes of ownership, I have experienced over the past 5 years.*

I joined Company G just after it was acquired by Company E, at the time the leader in its field in the world.

Less than 2 years later, Company E went bust, and its assets were bought out by Company C (A British organization). My role at the time was to try and sell Company G (now division G), as its activities were not part of the core business of Company C. This was very difficult and somewhat frustrating, and I eventually got fed up and left.

I joined company J, which was owned by Company NT, which itself was owned by Company V (another group of Brits). Company V soon sold its stock in Company NT (including little J) to Company R, a group of Americans. Company R's plan was to clean up NT and then sell it on.

Within a short time, Company R did exactly that, selling NT (and with it, Company J) to the brash, eager Company S. Company S did a fairly in depth review of everything it had acquired, and decided that NT had too many subsidiary companies doing basically the same things as the parent, NT, and the grandparent company (can you say that?), Company S.

So, from April 1st, little Company J ceased to be an independent business entity, and its operations have all been merged with those of Company NT. Quite what this all means I have not yet fathomed out. Will keep you all posted.

*company names have been cunningly disguised to protect the innocent.

Posted by Gary at April 6, 2005 11:39 AM

Comments

Good luck with everything Gary and thanks for your help earlier this month!

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don't forget that Company S now also owns the Japan operation of Company C

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