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Anpac Bio-Medical Science Acquires Gisn (Hk) Limited, A Technical Solution And Outsourcing Consulting Services Provider

Feb 15, 2023almost 3 years ago

Acquiring Company

AnPac Bio-Medical Science Co., Ltd.

Acquired Company

GISN HKLIMITED

China

Description

AnPac Bio-Medical Science Co., Ltd. (the "Company") (NASDAQ: ANPC), a company with operations in the United States and China focused on early cancer screening and detection and plans to enter into the operation of a business-to-business e-commerce food platform focused on the sale of Asian sourced food products, announced the closing of the acquisition of GISN (HK) LIMITED ("GISN"), a technical solution and outsourcing consulting services provider focused on the digital, internet and Web 3 business transformation for start-ups and traditional enterprises. This acquisition is a critical initiative for the Company to improve the efficiency of its e-commerce operations.

Company Information

Company

AnPac Bio-Medical Science Co., Ltd.

Location

801 BIXING STREET, BIHU COUNTY.

China

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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