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As a worldwide supplier in the global vehicle industry, Kongsberg Automotive needed to transform its treasury function.
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In the summer of 2015, Johnson Controls International (JCI) announced that it would divest its Automotive Division via a spin off in a new publicly listed company: Adient. Shortly thereafter, JCI announced a merger with Tyco, a fire protection & security company. What was the impact of these strategic transactions on the treasury activities of the company?
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With more than 235 million customers worldwide spread across a diverse group of countries, VEON’s business is complex in nature. As a consequence, the organization instigated a large-scale transformational program in 2016, in order to take its financial function to a higher level. This also meant a radical change process for treasury activities.
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