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Prometheus Group Acquires S&V

Feb 23, 2022over 3 years ago

Acquiring Company

Prometheus Group

Acquired Company

S&V

RaleighSoftware

Description

Prometheus Group, a leading global provider of asset management operations and optimization software, announced the acquisition of S&V, a leading provider of data services and technology solutions for various industries such as Manufacturing, Airlines, Utilities and Oil and Gas.

Company Information

Company

Prometheus Group

Location

Raleigh, North Carolina, United States

About

Prometheus Group enables unified enterprise asset optimization through an integrated approach to planning, scheduling, work management, and business analytics across routine and preventive maintenance, shutdowns/turnarounds, and production scheduling. Unlike the competition, Prometheus packaged software is easy to use, can be implemented in weeks, and allows a business to quickly improve operational efficiency and the effectiveness of work processes to gain competitive advantage.

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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