Dealer Alchemist Announces Strategic Acquisition of AutoGo to Enhance its Automotive Digital Solutions
Feb 01, 2024•almost 2 years ago
Acquiring Company
Dealer Alchemist
Acquired Company
AutoGo
Lone TreePittsburghAdvertisingAutomotiveDescription
Dealer Alchemist, a pioneer in automotive marketing solutions, has announced the strategic acquisition of AutoGo (formerly Dealer Venom). This acquisition is a significant milestone in Dealer Alchemist's mission to revolutionize digital advertising in the automotive industry, integrating AutoGo's innovative technologies, especially the NEXUS platform, to provide cutting-edge digital solutions and elevate their digital presence and operational effectiveness.
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