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Urbint acquires Competers to expand its North American Damage Prevention Presence

Dec 03, 2024about 1 year ago

Acquiring Company

Urbint

Acquired Company

Competers

Miami BeachIndianapolisSoftwareSoftware

Description

Urbint, the leading AI platform for identifying and mitigating threats to workers, critical infrastructure, and communities has announced the acquisition of Competers, a prominent underground infrastructure damage prevention company. This acquisition will significantly expand Urbint’s presence in North America and strengthen its position in the damage prevention sector.

Company Information

Company

Urbint

Location

Miami Beach, Florida, United States

About

We reduce risk across infrastructure categories, so you can deliver service safely, reliably, and affordably. Our company, platform, and solutions have received prestigious distinctions from leading publications and advisory 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