Acquiring Company
JETNET
Acquired Company
WINGX Advance GmbH
Description
JETNET today announced its acquisition of WINGX Advance GmbH (“WINGX”), a provider of market insight tools to the global business aviation sector. Together, the two companies plan to enrich the way customers access and utilize data and insights relating to the deployment, management, and utilization of business jets.
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