Panamera Holdings Corporation completes acquisition of AusTex Aggregates to integrate and expand market presence
Aug 20, 2024•over 1 year ago
Acquiring Company
Panamera Holdings Corporation
Acquired Company
AusTex Aggregates
Description
Panamera Holdings Corporation (OTC: PHCI) has successfully completed the merger with AusTex Aggregates, an established and growing aggregates company located in the Austin, Texas area. This strategic acquisition aims to integrate and vertically align the aggregate space alongside the metal recycling and environmental services sectors, enhancing Panamera Holdings’ market presence and shareholder equity.
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