Aptean acquires Principal Logistics Technologies to enhance warehouse management and supply chain optimization solutions
Jul 16, 2024•over 1 year ago
Acquiring Company
Aptean
Acquired Company
Principal Logistics Technologies
Description
Aptean, a global provider of mission-critical enterprise software solutions, expands its warehouse management and supply chain management offerings with the acquisition of Principal Logistics Technologies. This acquisition empowers Aptean to offer new capabilities aimed at helping wholesalers, importers, manufacturers, retailers, and 3PLs to optimize their warehouse and supply chain operations.
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