Acquiring Company
Affluence Corporation
Acquired Company
Mingothings
Oak Brook
BarcelonaInformation TechnologySoftwareConsultingDescription
Affluence Corporation has completed the acquisition of Mingothings SLU to expand its market reach. This strategic move is aimed at enhancing their product offerings in the Smart City and IoT sector. Both companies expect to drive sustainable growth and achieve cost synergies through this acquisition.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed