Cimic’S Sedgman Acquires Canadian Engineering And Metallurgy Company Novopro
Jul 06, 2023•over 2 years ago
Acquiring Company
Sedgman
Acquired Company
Metallurgy
Description
CIMIC Group company Sedgman has acquired Novopro Projects Inc., an engineering and metallurgy company based in Canada that provides engineering services and process equipment to projects in North America, Europe, Africa, Middle East and Australia.
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