Acquisitions and mergers are one of the many ways to expand a business. The acquisition process itself is divided into several phases which are divided into phases before acquisition and phases after acquisition. One of the main goals of acquisitions and mergers is to achieve a positive result for the acquirer who is in the post-acquisition phases and which is an indicator of whether the acquisition or merger was successful or not. Acquisitions and mergers contribute to the value and growth of the companies involved in the merger process. Through the acquisition and merger process itself, companies seek to harness the potential, resources, and strength of other companies to build their own business strategy. There are many reasons why companies decide on the acquisition and merger process, and some of them are: increasing revenue, entering new markets, expanding the range of products and services, developing new products, access to new distribution channels and suppliers, reducing competition, access to new technology, etc.