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Powerbridge Technologies Announces The Strategic Acquisition Of Dti Group To Expand Its Operations In Trade Digitalization

Nov 14, 2022•about 3 years ago

Acquiring Company

Powerbridge Technologies

Acquired Company

DTI Group

Smart CitiesInformation TechnologySoftware

Description

Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), a provider of multi-industry technology solutions, announces that the Company has acquired 19% stake of DTI Group Limited ("DTI"), a technology company specializing in international trade digitalization and platforms.

Company Information

Company

Powerbridge Technologies

About

Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a provider of multi-industry technology solutions, including software applications and services for the global trade industry, IoT platform services as well as intelligent fixtures and devices for smart city operations, supply chain platforms and social livestreaming services for the retail industry, metaverse and smart solutions for the travel and leisure industry, as well as digital asset management and operations.

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