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Acquiring Company
NEOTech
Acquired Company
Virtex
ChatsworthUnited StatesManufacturingManufacturingDescription
NEOTech has completed the acquisition of Virtex, expanding its U.S. manufacturing footprint. This acquisition enhances NEOTech's capabilities in providing support to defense customers. With the addition of Virtex, the combined company will operate eleven facilities and employ over 2,500 people. The merger is expected to bring significant improvements in engineering and production capabilities.
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