Acquiring Company
Artone
Acquired Company
Proper Music Group
Description
Artone has acquired the assets of Proper Music Group Ltd, which includes Proper Music Distribution. This acquisition is seen as a strategic move to enhance the distribution capabilities for independent labels in the UK. Drew Hill will remain Managing Director and a stakeholder in the business, which aims to secure its future and provide ongoing support to its partners.
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