Case Study: Handelsbanken completes its Finnish divestiture with BearingPoint

Handelsbanken completes €1.3 billion Finnish divestiture with BearingPoint

Handelsbanken, a Swedish bank, sought to divest its Finnish operations as part of a strategic shift to focus on core markets. The challenge was to manage an exceptionally complex cross-border transaction, splitting the business among three different buyers while ensuring business continuity and mitigating risks. To achieve this, Handelsbanken engaged BearingPoint for expert program management and implementation support.

BearingPoint experts took on key roles, establishing a comprehensive program to manage the separation and integrations. Their solution involved meticulous data strategy development, coordination between all IT parties for seamless data transfer, and restructuring of personnel and processes. This approach allowed Handelsbanken to successfully finalize the 1.3 billion euro divestiture on plan and schedule, resulting in high customer retention, smooth personnel migration, and minimal data transfer risks.

Handelsbanken