Acquiring Company
Koios Beverage
Acquired Company
Retox
Food And BeverageHealth CareOtherHealth Care
Description
Koios Beverage Corp. (CSE: FIT; OTC: FITSF) (the "Company" or "Koios") is pleased to announce that further to the February 28, 2022 and April 6, 2022 news releases, it closed the definitive agreement (the “Agreement”) on April 22, 2022 to acquire all of the issued and outstanding securities from the shareholders of Retox Beverage Corp. (“Retox”), a privately held beverage company that is focused on the production of creative soft beverages, sodas and seltzers (the “Acquisition”).
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