Tidewater Announces The Acquisition Of Swire Pacific Offshore, Creating World’S Leading Osv Operator
Mar 09, 2022•almost 4 years ago
Acquiring Company
Tidewater
Acquired Company
Tidewater
HoustonHoustonTransportationEnergyTransportationEnergyDescription
Tidewater Inc. (NYSE: TDW) (the “Company”) today announced a definitive agreement to acquire all of the outstanding shares of Swire Pacific Offshore Holdings Limited (“SPO”), a subsidiary of Swire Pacific Limited (HKSE: 0019.HK and 0087.HK), for approximately $190 million (the “Transaction”).
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