Acquiring Company
PANAMERA HEALTHCARE Corp
Acquired Company
Arsham Aluminum Alloys
Description
Panamera Holdings Corporation (OTC: PHCI) today announced the execution of a binding letter of intent to acquire Houston-based Arsham Aluminum Alloys, LLC from Mid-Continent Metals Group, LLC. Under the letter of intent, Arsham will merge with Panamera as a wholly owned subsidiary by means of a share exchange agreement. The transaction is scheduled to close in April 2022.
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