StatLab Medical Products completes acquisition of Scientific Device Laboratory to expand product reach and innovation
Apr 25, 2024•over 1 year ago
Acquiring Company
StatLab
Acquired Company
Scientific Device Laboratory
Description
StatLab Medical Products, a leading developer and manufacturer of medical diagnostic supplies and equipment, today announced the acquisition of Scientific Device Laboratory. This acquisition aims to expand customer reach for both entities and provide a new U.S. research and development hub for the broader StatLab organization. This acquisition creates an opportunity to accelerate product development and innovation, while continuing to serve existing customers and scaling SDL operations through the commercial and manufacturing resources that StatLab can offer.
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