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Smith System completes acquisition of Brightmile to enhance driver safety solutions

Feb 11, 202510 months ago

Acquiring Company

Smith System

Acquired Company

Brightmile

ArlingtonLondonTrainingSoftware

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.

Company Information

Company

Smith System

Location

Arlington, Texas, United States

About

Smith System is the leading provider of crash-avoidance driver training. We deliver behind-the-wheel instruction to tens of thousands of fleet drivers each year. We have presented our programs in 98 countries and in 22 languages around the world. Smith System's results-oriented driver safety training and education has reduced crashes and increased profits for fleets at more than half of today's Fortune 500 companies.

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M&A Insights

Based on deal data
Integration 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