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Averna to acquire Global Equipment Services, Inc. (GES) from Kimball Electronics, Inc.

Aug 01, 2024•over 1 year ago

Acquiring Company

Averna

Acquired Company

Global Equipment Services (GES)

MontrealSan JoseManufacturingManufacturing

Description

Averna, a global leader in test and quality solutions, has announced the acquisition of Global Equipment Services, Inc. (GES) from Kimball Electronics, Inc. This strategic acquisition enhances Averna's global presence and establishes a significant footprint in various regions of Asia, reinforcing its commitment to providing high-quality test and measurement solutions.

Company Information

Company

Averna

Location

Montreal, Quebec, Canada

About

Averna is one of the leading global providers of test and quality solutions, specializing in test and measurement, power electronics, industrial vision, and automation. With over 575 employees worldwide, Averna consolidates its position as a top-tier test engineering solutions integrator for automotive/transportation, medical/pharmaceutical devices, consumer electronics, and industrial products manufacturers.

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M&A Insights

Based on deal data
Integration 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