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Freedom Holding Acquires Majority Stake In Online Supermarket Arbuz
PUBLIC · FRHCJun 20, 2023•about 3 years ago
Acquiring Company
Freedom Holding Corp
Acquired Company
Arbuz
Description
Freedom Holding Corp. (NASDAQ: FRHC), a diversified multi-national financial services firm, today announced that it has completed the acquisition of an 82% ownership interest in Kazakhstan company “Arbuz Group” Limited Liability Partnership (“Arbuz”) from a group of private investors. The acquisition took place in several stages starting in March 2023.
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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