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Sirius International Holding completes acquisition of Derby Group to bolster global digitalization

Jun 26, 2024over 1 year ago

Acquiring Company

Sirius International Holding

Acquired Company

Derby Group

Abu DhabiDubaiInformation TechnologyFinancial Services

Description

Sirius International Holding, a subsidiary of International Holding Company (IHC), has strategically acquired Derby Group, a diversified UAE-based business group. This acquisition supports Sirius’s focus on digital integrations and implementations and scaling digital solutions globally. It marks a significant step in the firm’s commitment to prioritizing digital transformation across various sectors, enabling Sirius to strengthen its portfolio across several new business areas and laying the ground for further market and business expansion opportunities. The move also enables Sirius to deepen its capabilities across its subsidiaries involved in delivering digital and governmental transformation globally, as well as improving operational efficiency and service quality.

Company Information

Company

Sirius International Holding

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

Sirius International Holding, based in Abu Dhabi, is a subsidiary of IHC with a steadfast commitment to catalyzing the digital revolution, unleash profound change and ignite the possibilities of a brighter and more promising future. Our firm commitment to driving progress shines through our diverse portfolio of subsidiaries and strategic investments. We specialize in harnessing the power of disruptive, cutting-edge technologies for human-centric progress. We strive to make digital transformation accessible and beneficial to all.

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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