Acquiring Company
LS Power
Acquired Company
OPTERRA Energy Services
Description
LS Power has successfully completed the acquisition of ENGIE Services U.S., which will now operate under the name OPTERRA Energy Services. This strategic move aims to enhance LS Power's energy solutions platform by leveraging OPTERRA's expertise in energy efficiency and renewable offerings. The acquisition marks a significant milestone, returning OPTERRA to its roots while expanding its capabilities in the energy market.
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