In my current company we have dedicated M&A team, but we are not so structured when it comes to integration. Efforts are starting to be made to also ensure we have people who are dedicated to the integration efforts when doing M&As. I consider the latter team to be at least as important as the M&A team – who in our company has little focus on PMI. But whether to have such teams I think, really depends on your strategy. If you have a strategy that includes inorganic growth then it makes sense, but if you have never done M&As and have no intention of doing one, then it makes little sense to have people dedicated for this effort I think.