Settle announces strategic acquisition of Turbine to enhance its unified finance and inventory platform
Oct 01, 2024•about 1 year ago
Acquiring Company
SETTLE
Acquired Company
Turbine
Description
Settle, the leading operations platform for scaling CPG brands, has introduced an expanded procurement and inventory management suite and has strategically acquired Turbine. By incorporating Turbine's sophisticated inventory operations and forecasting capabilities into its platform, Settle has created a unified operating suite that streamlines payments, purchasing, and financing to propel omnichannel brands to scale faster and more profitably.
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