Lyvia Group Acquires T-Rank, The Leading Norwegian Shareholder And Client Identification Company
May 04, 2023•over 2 years ago
Acquiring Company
Lyvia Group
Acquired Company
T-Rank
SoftwareLendingFintechFinancial Services
Description
Lyvia Group, the European tech and software services group, has acquired T-rank AS, a Norwegian company that assesses the ownership structures of companies and their clients on behalf of the world' s leading banks, law firms, large corporate and government institutions.
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