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Planet Completes Acquisition Of Salo Sciences

Jan 09, 2023•almost 3 years ago

Acquiring Company

Planet

Acquired Company

Salo Sciences

GalwayConsultingAnalytics

Description

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the completion of its acquisition of Salo Sciences, a San Francisco-based climate technology company that provides cutting-edge solutions to measure Earth’s constantly changing ecosystems. In December, Planet announced it had signed an agreement to acquire Salo Sciences.

Company Information

Company

Planet

Location

Galway, Galway, Ireland

About

Planet is a leading global provider of integrated technology and payments solutions for retail and hospitality customers. We create great experiences for the millions of people who use our Payments, Software, and Tax Free solutions every minute of every day. Planet empowers its customers to deliver amazing customer experiences by combining payments and technology in ways that drive greater loyalty, increase revenue and save time. Founded over 35 years ago and with our headquarters in London, today we have more than 2,500 employees located across six continents serving our customers in over 120 markets.

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M&A Insights

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Integration timeline
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Tech stack consolidation
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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