NucleusIS Africa Limited completes acquisition of Rigo Microfinance Bank Limited to strengthen healthcare financing services
Dec 18, 2024•about 1 year ago
Acquiring Company
NucleusIS Africa Limited
Acquired Company
Rigo Microfinance Bank Limited
Description
NucleusIS Africa Limited has completed the acquisition of Rigo Microfinance Bank Limited. This strategic takeover is expected to enhance NucleusIS Africa's ability to deliver advanced healthcare financing services across the continent, enabling the company to address critical healthcare challenges more effectively.
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