Acquiring Company
Majd Investment
Acquired Company
Yelo
Description
Majd Investment Company, the investment arm of Almajdouie Group, announced that it has successfully completed the acquisition of 25% of Al-Wefaq Company for Transportation Solutions (Yelo), which was established in 2000 and is one of the fastest growing brands today. This deal will contribute to raising the company's competitiveness and enhancing its leadership position in a sector that is witnessing a rapid growth as a result of the initiatives and programs of the Kingdom's Vision 2030 in the tourism and travel sectors.
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