Orium acquires Gluo to expand its composable commerce footprint into fast-growing Latin America market
Jun 17, 2024•over 1 year ago
Acquiring Company
Orium
Acquired Company
Gluo
Description
Orium, the leading composable commerce specialist in North America, has acquired the Mexico-based e-commerce agency Gluo. This acquisition will enhance Orium's ability to serve the fast-growing U.S. market and support an expansion into the emerging Latin American market, leveraging Gluo's experience with leading composable vendors and their talented e-commerce experts.
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