Urbint acquires Competers to expand its North American Damage Prevention Presence
Dec 03, 2024•about 1 year ago
Acquiring Company
Urbint
Acquired Company
Competers
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.
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