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irth Solutions LLC to acquire OneSoft Solutions Inc. for C $0.88 per Share in cash

Sep 17, 2024•over 1 year ago

Acquiring Company

Irth Solutions

Acquired Company

OneSoft Solutions

Madhya PradeshEdmontonInformation Technology

Description

OneSoft Solutions Inc., listed on the TSX-V, announces the receipt of the Interim Order from the Court of King's Bench, and the mailing of Circular for a Special Meeting of Shareholders to approve the arrangement with irth Solutions LLC and its wholly-owned subsidiary irth Acquisition Corp. Shareholders will receive C $0.88 per Share in cash, representing a 42% premium to the closing price of the Shares on August 9, 2024 and a 28% premium to the 20 day volume-weighted average trading price of the Shares, providing them with immediate liquidity and certainty of value.

Company Information

Company

Irth Solutions

Location

Madhya Pradesh, India

About

irth Solutions LLC is a leading provider of innovative cloud solutions to manage critical infrastructure assets such as underground utilities for the energy, telecommunications, and asset management industries. With a comprehensive suite of software and services, irth Solutions aims to deliver efficient and sustainable infrastructure management solutions to its clients.

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