Signify Acquires U.S. Wired Control Systems Manufacturer Intelligent Lighting Controls, Expanding Connected Portfolio
Mar 01, 2023•over 2 years ago
Acquiring Company
Signify
Acquired Company
Intelligent Lighting Controls
Description
Signify (Euronext: LIGHT), the world leader in lighting, today announced the acquisition of Intelligent Lighting Controls, Inc. (ILC), a market-leading U.S. manufacturer of wired control systems, expanding its connected portfolio.
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