Hid Global Acquires Invotech Systems To Broaden Its Leadership In Commercial Laundry Management Solutions
Dec 27, 2021•almost 4 years ago
Acquiring Company
HID Global
Acquired Company
InvoTech Systems
Description
HID Global, a worldwide leader in trusted identity solutions, today announced it has acquired InvoTech Systems, Inc. The acquisition enhances HID’s advanced textile inventory management systems offering for uniforms, linens, and laundry operations and adds to HID Global’s industry-leading RFID portfolio.
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