Oceaneering acquires Global Design Innovation Ltd. to advance its digital capabilities
Oct 29, 2024•9 months ago
Acquiring Company
Oceaneering
Acquired Company
Global Design Innovation
Description
Oceaneering International, Inc. (NYSE: OII) has completed the acquisition of Global Design Innovation Ltd. (GDi), a UK-based provider of digital and software services. The acquisition is a strategic move aligned with Oceaneering’s plan to expand its digital and software solutions and enhance its global client offerings, particularly in industries such as oil and gas, utilities, and power generation.
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