Acquiring Company
ASSA ABLOY
Acquired Company
Vigil
Description
Vigil Health Solutions Inc. (“Vigil” or the “Company”) (TSXV: VGL) announced today that it closed the previously announced statutory plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia) involving the Company and ABLOY Canada Inc. (the “Purchaser”), a subsidiary within the ASSA ABLOY Group, pursuant to which the Purchaser has acquired all of the issued and outstanding common shares (the “Common Shares”) of Vigil. The total equity value of the transaction is approximately $12.55 million.
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