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AXIAN Group acquires strategic stake in WiASSUR to strengthen African insurance footprint

Sep 26, 2024•about 1 year ago

Acquiring Company

AXIAN Energy

Acquired Company

WiASSUR

KampalaCôte D'ivoireInsuranceFinancial ServicesInsurtechInsuranceFinancial Services

Description

AXIAN Group, through its subsidiary AXIAN Investment, has acquired a significant stake in WiASSUR, an innovative insurance start-up based in Côte d’Ivoire. This acquisition is a key milestone in AXIAN Group’s growth strategy within the insurance sector, aiming to accelerate digitalization and promote financial inclusion across Africa.

Company Information

Company

AXIAN Energy

Location

Kampala, Central Region, Uganda

About

AXIAN Energy is a leading energy company focused on sustainable solutions across Africa. The company specializes in renewable energy projects, specifically in solar and other green technologies. Its mission is to foster energy inclusion and create opportunities in the regions it serves. AXIAN Energy aims to improve community lives through clean energy initiatives.

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M&A Insights

Based on deal data
Integration 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