| Summary: | In this study we have developed an integration model for gaining new knowledge through acquisitions, combining theories as a review concerning knowledge management, organizational culture and organizational change. The four step integration model was made for applications concerning a parent company acquiring a smaller company with the intension of integrating the two organizational cultures and accomplishing synergy for the two companies. A thorough evaluation of the two company’s cultures with an emphasis on routines and systems, determines similarities and differences concerning cultural characteristics. Deciding what integration issues to prioritize, what departments to involve in the integration, who should participate in the change process and how to make the changes, result in an action plan. Preparing and communicating the change is important to make the process smooth, motivate people and minimize resistance. After planning and preparing the integration, the action plan is initiated. The model can be used repeatedly to consider changed conditions or reconsider earlier defined integration issues. Learning from the integration process gives the company increased organizational knowledge with potentially increased future competitive advantage.
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