Minerva Bunkering completes acquisition of Bomin Group, expanding U.S. operations
Oct 09, 2024•about 1 year ago
Acquiring Company
Minerva Bunkering
Acquired Company
Bomin Group
Geneva
HamburgOil And GasEnergyOil And GasDescription
Minerva Bunkering, a leading global marine fuel supplier, has successfully acquired Bomin Group. The acquisition extends Minerva's operations and supply network across the Americas, with additional opportunities to enhance its service offering and establish a physical supply operation in Houston for the first time.
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