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PAN Communications strengthens B2B tech expertise through acquisition of BLASTmedia
PRIVATEJun 27, 2024•almost 2 years ago
Acquiring Company
PAN Communications
Acquired Company
BLASTmedia
Description
PAN Communications, a leading integrated marketing and PR agency, has acquired BLASTmedia, a national B2B PR agency specialized in technology and software industries. This acquisition enhances PAN's expertise in the B2B tech sector and expands its capabilities in delivering strategic PR and communications solutions.
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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