Acquiring Company
Hunting
Acquired Company
Organic Oil Recovery
LondonAberdeenOil And GasEnergyOil And GasEnergyDescription
Hunting PLC announces its acquisition of Organic Oil Recovery technology for $17.5 million, gaining entire rights to the intellectual property and distribution. This move enables Hunting to accelerate its commercialization efforts across North America and globally. Following the acquisition, all technical employees from OOR will join Hunting as employees or consultants.
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