Sp Plus Corporation Acquires Assets Of Roker Inc., A Fully-Integrated Mobility Management Platform That Enhances Our Existing Sphere Suite Of Solutions
Jul 25, 2023•about 2 years ago
Acquiring Company
SP Plus
Acquired Company
Mobility Management
Description
SP® Plus Corporation (SP+), (Nasdaq:SP), a best-in-class technology and operations management provider of mobility services for aviation, commercial, hospitality, and institutional clients throughout North America and Europe, announced that it has acquired certain assets of Roker Inc. (“Roker”), a provider of fully-integrated parking solutions that simplify permit, violation and enforcement management for organizations and municipalities of all sizes. SP+ has acquired all the intellectual property of Roker as well as its client contracts and a talented support team based both in the United States and Canada.
FundzWatch™ Score
70
High M&A Activity
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