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Nautilus, Inc. Announces Acquisition Of Vay, A Leader In Motion Technology

Sep 02, 2021•over 4 years ago

Acquiring Company

Nautilus Insurance Group

Acquired Company

Vay Technology GmbH

ScottsdaleBerlinInsuranceSportsInternet ServicesSoftware

Description

Nautilus, Inc. (NYSE: NLS) (“Nautilus,” “the Company”), an innovation leader in home fitness for over 30 years, today announced that it has entered into a definitive agreement to acquire VAY (pronounced “way”), a leader in motion technology.

Company Information

Company

Nautilus Insurance Group

Location

Scottsdale, Arizona, United States

About

Scottsdale, AZ based Nautilus Insurance Group is an "A+ XV"​ (Superior) rated member of the W.R. Berkley Corp., a Fortune 500 company. We specialize in providing excess and surplus lines commercial property and casualty insurance coverage. Nautilus believes their employees are their greatest asset and have made significant contributions to consistent underwriting results. We foster an environment of accountability, teamwork and integrity. Our motivated employees have built an impeccable reputation for our firm serving the Excess and Surplus Lines industry. Nautilus Insurance offers an excellent benefits package including comprehensive medical insurance, dental, life/AD&D, both short- and long-term disability insurance and a great 401(k)/Profit Sharing plan.

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M&A Insights

Based on deal data
Integration 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