Ennis, Inc. completes acquisition of Printing Technologies, Inc. (PTI) to enhance product offerings
Jun 26, 2024•over 1 year ago
Acquiring Company
Ennis
Acquired Company
Printing Technologies (PTI)
Description
Ennis, Inc. (NYSE: EBF) has successfully acquired Printing Technologies, Inc. (PTI) of Indianapolis, IN. This strategic acquisition aims to leverage PTI's unique products and capabilities to enhance Ennis' product offerings in the field of printing technologies.
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