logo
logo

Sproule Acquires Dutch Geothermal Advisory Firm Veegeo

Jun 13, 2022•about 3 years ago

Acquiring Company

Sproule

Acquired Company

Veegeo

Description

Sproule, a leading global energy advisory firm, is pleased to announce the acquisition of Veegeo. Veegeo is a Rotterdam-based geothermal advisory firm providing operational management and consulting services to geothermal companies, investors, and governmental agencies.

Company Information

Company

Sproule

About

Sproule is a global energy consulting firm providing technical and commercial services for reserves certification, reservoir characterization, strategic advisory, and asset management.

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