Stellantis Closes Previously Announced Acquisition Of First Investors Financial Services Group
Nov 01, 2021•about 4 years ago
Acquiring Company
Groupe PSA
Acquired Company
First Investors Financial Services Group
Description
Company renamed to Stellantis Financial Services US Corp Experienced leadership team to remain in place
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