Acquiring Company
Essence Investment
Acquired Company
AMP Alternative Medical Products GmbH
Description
Essence Investment AG ("Essence" or the "Company"), a leading Swiss holding supporting the growth of the European cannabis industry, today announced the acquisition on 30 December 2022 of a 100% stake in AMP Alternative Medical Products GmbH ("AMP"), a German-licensed importer and distributor of EU-GMP medical cannabis products.
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