Acquisition overlap
Multiple acquisitions leave different products serving the same market need.
Each acquired portfolio may have been viable on its own. Once combined, similar products begin competing for the same customers and applications rather than expanding the market.
What accumulates
Near-duplicate specifications, bills of material, suppliers, manufacturing methods, pricing structures, and sales histories remain intact across the combined business.
What it does to the business
Demand is fragmented across overlapping products. Cannibalization increases, purchasing leverage weakens, and the business loses the repetition required to create economies of scale.