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Viva Wine Group acquires Giertz Vinimport AB

RECENTLY ACQUIREDAug 03, 20266 days ago

Acquiring Company

Viva Wine Group AB

Acquired Company

Giertz Vinimport AB

SwedenFood and BeverageHospitalityWine And Spirits

Description

Viva Wine Group AB has completed the acquisition of Giertz Vinimport AB in November 2019. Aglaja AB is asserting a claim against Viva Wine Group regarding this acquisition. The Company plans to dispute the claim, considering it to be without merit. The public takeover offer for the Company's shareholders remains unchanged.

Company Information

Company

Viva Wine Group AB

Location

Sweden

About

Viva Wine Group AB is a prominent wine distributor in Europe. The company focuses on acquiring and developing wine brands across various markets. It aims to establish itself as a leading player in the wine industry. Through strategic acquisitions, Viva Wine Group seeks to leverage synergies and enhance market presence.

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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

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