Acquiring Company
Spectris plc
Acquired Company
SciAps
Description
Rand Capital Corporation announced the successful completion of the acquisition of its portfolio company, SciAps, Inc., by Spectris plc for $13.1 million. The transaction closed on August 21, 2024, and yielded total proceeds exceeding the June 30, 2024 valuation for Rand’s equity and debt investments in SciAps.
FundzWatch™ Score
65
High M&A Activity
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