Axalta Coating Systems completes acquisition of The CoverFlexx Group

Jul 02, 2024•about 1 year ago

Acquiring Company

Axalta

Acquired Company

The CoverFlexx Group

Glen MillsAutomotiveManufacturing

Description

Axalta Coating Systems Ltd. has successfully acquired The CoverFlexx Group from Transtar Holding Company, marking a significant step in the company’s growth and expanding its portfolio in the coatings industry.

Company Information

Company

Axalta

Location

Glen Mills, Pennsylvania, United States

About

Axalta is a global leader in the coatings industry, providing customers with innovative, colourful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, buildings facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in 130 countries better every day with the finest coatings, applications systems and technology.

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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

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