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Vigil Health Announces Interim Order For Acquisition By Assa Abloy

Feb 05, 2022almost 4 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 further to 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, an interim order of the British Columbia Supreme Court (the “Interim Order”) has been obtained. The Interim Order provides for, among other things, the calling and the holding of a special meeting (the “Meeting”) of holders of common shares in the capital of Vigil (“Common Shares”) and holders of options to purchase Common Shares (collectively, the “Securityholders”) to consider and approve the Arrangement. The granting of the Interim 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