Gold And Gemstone Mining, Inc. Announces The Acquisition Of Luxury Vessel Maki
May 26, 2022•over 3 years ago
Acquiring Company
Gold Gemstone Mining
Acquired Company
Maki
Description
Gold and GemStone Mining, Inc. (OTC: GGSM); ("the Company"), announces the acquisition of luxury vessel Maki as part of our growth strategy through acquisitions to increase service capabilities in the Mentawai Islands.
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