Mirion Technologies Acquires Critical Infrastructure Business Of Collins Aerospace
Aug 09, 2022•over 3 years ago
Acquiring Company
Mirion
Acquired Company
Collins Aerospace (RTX Corporation)
Description
Mirion Technologies, Inc. (NYSE: MIR) (“Mirion”), a leading provider of comprehensive systems that detect and monitor radiation in medical, industrial and defense end markets, today announced the acquisition of the Critical Infrastructure (CI) business of Collins Aerospace (through ARINC Incorporated, a subsidiary of Collins Aerospace) is now complete, and the CI business will integrate under the Mirion brand as Secure Integrated Solutions (SIS).
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