Real-time funding, M&A, exec moves & hiring — the signals that move deals
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Funding, M&A, exec moves & hiring — every signal Fundz sees, the moment it happens. See who’s in your market, who to reach, and why now.
Acquiring Company
Afrimat
Acquired Company
Holcim AG
South Africa
ZugMiningMining TechnologyConstructionManufacturingEnergyRenewable EnergyConstruction3d TechnologyBuilding MaintenanceBuilding MaterialCivil EngineeringWholesaleDescription
Afrimat has fulfilled the conditions of the Competition Tribunal to finalize its merger with Lafarge South Africa. The company sold various quarries and concrete plants to Saturc as part of this acquisition. The transaction, valued at R215 million, will close on July 1, 2024. The merger provides Afrimat access to significant assets in the South African construction market.
Related People
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