Acquiring Company
Standex International Corporation
Acquired Company
Minntronix
SalemManufacturingElectronicsSecurityManufacturingDescription
Standex International Corporation (NYSE:SXI) today announced that it has acquired privately-held, South Dakota-based Minntronix for approximately $30 million in cash. The transaction is being financed from Standex's existing cash balance. In its first year of ownership, the Company expects the acquisition to be accretive to its earnings and to achieve a double-digit return on invested capital.
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