Lifull Connect Acquires Properati From Olx Group To Become Latam’S Leading Real Estate Portal
Jan 10, 2022•almost 4 years ago
Acquiring Company
LIFULL Connect
Acquired Company
PROPERATI
Media And EntertainmentReal EstateCommerce And Shopping
Description
Leading global marketplace group LIFULL Connect has announced the strategic acquisition of OLX Group’s real estate platform in Latin America, Properati, as the company continues its impressive growth on both the local and global levels. The move allows more real estate professionals and property seekers in the region to utilize LIFULL Connect’s industry-leading innovations.
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