IDEAL INTEGRATION APPROACHES FOR OPTIMIZING ASDP GROUP'S PERFORMANCE IN RESPONSE TO THE POST-ACQUISITION OF PT JEMBATAN NUSANTARA
This research examines the performance of PT ASDP Indonesia Ferry (Persero) before and after its acquisition of PT Jembatan Nusantara, aiming to understand the impact of the acquisition on profitability, liquidity, and operational efficiency. The study is driven by the necessity to evaluate ho...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/85949 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | This research examines the performance of PT ASDP Indonesia Ferry (Persero) before and after
its acquisition of PT Jembatan Nusantara, aiming to understand the impact of the acquisition on
profitability, liquidity, and operational efficiency. The study is driven by the necessity to evaluate
how acquisitions influence financial performance and to propose strategies for a more effective
integration. Despite maintaining financial stability post-acquisition, the current integration
pattern—characterized by significant control over financial and strategic management while
allowing operational autonomy—has not led to substantial improvements in profitability or
efficiency. By comparing the company's performance from 2019-2021 (pre-acquisition) and 2022-
2024 (post-acquisition), and using qualitative and quantitative analyses, the study identifies areas
for improvement in the integration process.
The research methodology includes an analysis of the current integration pattern using the
Pitkethly et al. framework and a financial performance assessment based on KEP-100/MBU/2002
standards, descriptive statistics, normality tests, Paired Sample T-Test, and Wilcoxon-SignedRank Test. Findings reveal that the acquisition has maintained financial stability without
significantly enhancing or deteriorating PT ASDP Indonesia Ferry's financial health. To achieve
better financial outcomes, the study proposes enhanced integration strategies . These strategies aim
to foster a unified brand identity, centralized management, improved financial reporting, and
knowledge-sharing initiatives. The research contributes to the understanding of post-acquisition
integration, offering insights and a comprehensive integration model that can serve as a reference
for similar corporate strategies, highlighting the importance of strategic alignment and operational
efficiency for successful acquisitions.
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