Acquiring Company
LICT
Acquired Company
Manti Telephone
Description
LICT Corporation’s (“LICT”, OTC Pink ®: LICT) wholly owned subsidiary CentraCom, has agreed to acquire Manti Telephone Company (MTC) and its sister companies, Manti Tele Communications Company (MTCC), and AFConnect (AFI). The Manti transaction is scheduled to close on October 31, 2023. MTC will close pending regulatory approval.
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