Acquiring Company
EMOV
Acquired Company
Sand Hill Petroleum
Description
EMOV, an independent international energy company set up to acquire and operate conventional energy assets, is pleased to announce the completion of its acquisition of 88% of the issued and outstanding shares of Sand Hill Petroleum B.V., a private company with upstream and midstream assets in Hungary and Romania.
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