Acquiring Company
Motive Energy
Acquired Company
Industrial Energy
Description
Motive Energy, the leading provider of advanced power and energy solutions in the United States, is pleased to announce the acquisition of Texas Industrial Energy (TIE) located in Carrollton, Texas, effective September 1, 2022. The addition expands Motive's wide range of motive power solutions into the Dallas-Fort Worth market.
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