Smith System completes acquisition of Brightmile to enhance driver safety solutions
Feb 11, 2025•10 months ago
Acquiring Company
Smith System
Acquired Company
Brightmile
Description
Smith System, a leading provider of driver safety training and fleet management solutions, has acquired Brightmile, a UK-based company specializing in advanced driver safety technology. This acquisition accelerates Smith System's ability to deliver an enhanced driver safety solution, combining innovative programs and technology to promote safer driving practices and reduce accidents across various industries.
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