A global pharmaceutical company announced their plans to acquire another pharmaceutical company with property assets of more than 30 manufacturing, research and development and product distribution facilities operating throughout North America, South America, Europe and Asia. In response to strong business and market incentives, client management set an aggressive three month acquisition timeline.
Five joint clients and Antea®Group due diligence teams immediately began the assessment process that spread across Austria, Brazil, Columbia, France, Germany, India, Italy, Japan, Mexico, Pakistan, Spain, Switzerland and the United States. All team members were trained in the use of iEHS®, a web-based information management system, and thresholds for reporting potential environmental risk were clearly defined. Over a period of 30 days, all facilities were evaluated and facility data, findings and supporting documentation had been entered into iEHS which the client was able to track in real-time at the corporate headquarters.
Concurrently, Antea Group environmental professionals evaluated findings and developed estimates of potential exposure associated with each facility. Included in the estimates were detailed scopes of work and costs required to further investigate and mitigate each potential exposure. As these estimates were entered into iEHS, the client was able to determine all potential environmental liability and possible financial implications of the acquisition by facility, division and country.
By streamlining the due diligence process through iEHS, Antea Group was able to provide the client with real-time delivery and immediate access to critical environmental information. In addition, the database format of the environmental information allowed the client to address specific inquiries and conduct strategic analysis throughout the acquisition process. The client benefited through a successful ahead-of-schedule acquisition transaction and accelerated integration process with the acquired facilities.