Nordic Cold Chain Solutions completes acquisition of Minus Works Inc. and expands facilities to integrate sustainable cold chain technology
Oct 01, 2024•about 1 year ago
Acquiring Company
Nordic Cold Chain Solutions
Acquired Company
Minus Works
Description
Nordic Cold Chain Solutions has successfully acquired Minus Works Inc., a US-based manufacturing company specializing in sustainable cold chain products. As part of the acquisition, Nordic is building a new, next-generation manufacturing facility in Pottstown, Pennsylvania, expanding operations in Reno, Nevada, and assuming control of the Minus Works facility in Long Island, New York. These developments will scale the innovative Minus Works technology and further enhance Nordic’s ability to provide sustainable cold chain solutions nationwide.
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