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It is tricky to integrate information and decision-making across dozens of city departments and private suppliers – some of them rivals, all of them with their own cultures and bureaucracies.
This means that Mr Immelt will spend a whole year after his appointment as a king-in-waiting, which will make it hard for him to start putting his own stamp on the company.Honeywell, GE's biggest merger by far, will also be especially tricky to integrate into GE's culture; and its businesses are two that Mr Immelt does not know well.
He adds that acquisitions for Adyen are less about acquiring new technology, which can become tricky to integrate when not built from the ground up.
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