Santam completes acquisition of Kandua to strengthen home service offering
May 31, 2024•over 1 year ago
Acquiring Company
Santam
Acquired Company
Kandua
BellvilleJohannesburgInsuranceEmployee BenefitsFinancial ServicesE CommerceMarketplaceInternetDescription
Santam, a short-term insurance specialist, has acquired Kandua, a technology company that operates an online marketplace for home services. Kandua will be integrated with Santam’s current home service offering, Home+, creating a wholly owned, independent subsidiary of the insurer. The acquisition reinforces Santam’s commitment to enhancing its home service offering and expanding its capabilities within the 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