Cemtrex To Acquire Mechanical Contracting And Steel Fabrication Company To Expand Ais Industrial Segment
Jun 08, 2023•over 2 years ago
Acquiring Company
Cemtrex
Acquired Company
Steel Fabrication
BrooklynDescription
Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that it has entered into a definitive agreement to acquire a leading service contractor and steel fabricator that specializes in industrial and water treatment markets.
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