UltraTech Cement Middle East Investments acquires 54% stake in Ras Al Khaimah Co. for White Cement and Construction Materials
Jul 11, 2024•about 1 year ago
Acquiring Company
UltraTech Cement
Acquired Company
RAK Cement
Description
UltraTech Cement Middle East Investments, a subsidiary of Ultratech Cement, has completed the acquisition of an additional stake in Ras Al Khaimah Co. for White Cement and Construction Materials, resulting in a controlling 54.39% shareholding. This strategic move enhances UltraTech's position in the United Arab Emirates market and solidifies its commitment to expanding its influence in the cement and construction materials sector.
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