The evaluation of success of mergers and acquisitions on the example of the transaction of the firms working in the construction

Mergers and acquisitions (M&A) are considered one of the tools for achieving growth and development of the company, and also the growth in the company value. Their success is a widely discussed topic because the transaction effects are very difficult to measure. This article presents and discusses approaches to the measurement of M&A success based on the economic performance of the merged company. The aim of this article is to illustrate the chosen approach to M&A success measurement using two companies from the construction industry as an example, and to find out whether their combination was an economic success. The authors assume that success is most important motive for M&A. This article does not assess the transaction analyzed only in relation to expected effects of the transaction but also in relation to the development of the construction industry as a whole.