Ats Corporation Acquires Life Science Digitalization Solutions Provider Odyssey
Jul 19, 2023•over 2 years ago
Acquiring Company
Aviation Technical Services
Acquired Company
Odyssey
Description
ATS Corporation (TSX: ATS) (NYSE: ATS) ("ATS" or the "Company") today announced that it has acquired Odyssey Validation Consultants Limited ("Odyssey"), an Ireland-based provider of digitalization solutions for the life science industry. The financial terms of the transaction were not disclosed.
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