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TenCate announces acquisition of majority stake in The LandTek Group to expand its service portfolio

Jul 15, 2024•over 1 year ago

Acquiring Company

TenCate Grass

Acquired Company

The LandTek Group

NijverdalBay ShoreManufacturingConstruction

Description

TenCate Grass announces the acquisition of a majority stake in The LandTek Group, the leading provider of athletic field engineering, construction, project management and maintenance services on the East Coast. This acquisition marks a strategic move to enhance TenCate's market presence and to offer a comprehensive range of solutions to meet the needs of both municipal and private projects.

Company Information

Company

TenCate Grass

Location

Nijverdal, Overijssel, Netherlands

About

TenCate is the world's leading manufacturer, distributor and installer of synthetic turf solutions for sports and outdoor living applications. Headquartered in the Netherlands, with manufacturing facilities in the Netherlands, the United States, the United Kingdom and the United Arab Emirates, the company serves customers in more than 40 countries with a suite of well-known brands. The company is fully vertically integrated, which enables it to control the full chain from R&D, through manufacturing, installation, maintenance and now, recycling.

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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