Neology Acquires Shimmick’S Transportation Operations & Management Solutions Business To Augment Tolling Operations And Strengthen Core Capabilities
Jul 15, 2023•over 2 years ago
Acquiring Company
Neology
Acquired Company
Shimmick
Water
Description
Neology, a global innovator that is [re]imagining mobility, today announced the acquisition of Shimmick’s Transportation Operations & Management Solutions (TOMS) business to expand its transportation revenue and operations capabilities. This Sunrise, Florida-based division of Shimmick provides technology advisory as well as tolling operations and maintenance solutions to government agencies and transit businesses. Expertise includes tolling operations program management, fleet assessment, and other consultancy services.
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