Fraza Sister Company, Material Handling Group Usa, Acquires Liftec, Inc.
Jan 05, 2023•almost 3 years ago
Acquiring Company
Material Handling Group USA
Acquired Company
Liftec
Description
Fraza, a material handling equipment and solutions provider headquartered in southeast Michigan, announces today their sister company, Material Handling Group USA (MH Group USA) has acquired Liftec, Inc. as a new dealer/location on the East Coast. Liftec is a proud dealer for Linde Material Handling, Baoli, Doosan and UniCarriers.
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