Acquiring Company
Simply Better Brands
Acquired Company
600 Group
VancouverE CommerceDescription
Simply Better Brands Corp. (the "Company" or “Simply Better Brands”) (TSX Venture: SBBC, OTCQB: PKANF), announces today that the Company has completed its previously announced acquisition of The BRN Group Inc. (“BRN”).
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