Acquiring Company
Acuity Brands
Acquired Company
THERM SOLUTIONS, INC.
Description
Today, Acuity Brands, Inc. (NYSE: AYI) (“Acuity”) a leading industrial technology company, announced a definitive agreement to acquire KE2 Therm Solutions, Inc. (“KE2 Therm”), which develops and provides intelligent refrigeration control solutions that improve profitability by increasing system efficiency and decreasing operational and service costs.
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