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Vigil Health Announces Final Order For Acquisition By Assa Abloy

Mar 22, 2022over 3 years ago

Acquiring Company

ASSA ABLOY

Acquired Company

Vigil

StockholmWholesaleManufacturingInformation TechnologyHealth Care

Description

Vigil Health Solutions Inc. (“Vigil” or the “Company”) (TSXV: VGL) announced today that it has obtained a final order from the British Columbia Supreme Court approving the previously announced statutory plan of arrangement (the “Arrangement”) involving the Company and ABLOY Canada Inc. (the “Purchaser”), a subsidiary within the ASSA ABLOY Group, pursuant to which the Purchaser will acquire all of the issued and outstanding shares of Vigil. The granting of the Final Order was a condition to the completion of the Arrangement.

Company Information

Company

ASSA ABLOY

Location

Stockholm, Stockholm County, Sweden

About

ASSA ABLOY is the global leader in access solutions with sales of SEK 150 billion and 63,000 employees. The Group has operations in over 70 countries and sales worldwide. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. 

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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