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Creation Technologies Acquires Iec Electronics Corp.

Oct 21, 2021almost 4 years ago

Acquiring Company

Creation Technologies

Acquired Company

IEC Electronics

TransportationManufacturing

Description

Creation Technologies, an end-to-end, scalable Global Electronic Manufacturing Services provider, announced today that it has completed the acquisition of IEC Electronics Corp.

Company Information

Company

Creation Technologies

About

Creation Technologies (http://www.creationtech.com) provides total electronics product lifecycle solutions, including turnkey design, rapid prototyping, manufacturing and fulfillment to its customers around the world. Since 1991, Creation has been focused on making it easy for OEMs to ‘say yes’ to their customers. The company of over 4,400 people operates 15 manufacturing locations, two design centers and a rapid prototyping center in the USA, Canada, Mexico and China. Its OEM customers are in the Aerospace & Defense, Medical, and Tech Industrial markets. Contact: marketing@creationtech.com 877.734.7456 http://www.creationtech.com

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