Acquiring Company
Taylor Farms
Acquired Company
Farmwise
Description
Taylor Farms has announced its acquisition of FarmWise's business, enhancing its commitment to agricultural technology. FarmWise specializes in precision weeding and automation for sustainable farming. This strategic move supports Taylor Farms' goal of driving innovation in the agriculture sector. The transition aims to ensure continuity of service for FarmWise customers.
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