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Trackunit Acquires German Contractor Services Provider Flexcavo

Jan 17, 2023over 2 years ago

Acquiring Company

Trackunit

Acquired Company

Flexcavo

Description

Global IoT services provider Trackunit has this month closed a deal for Germany's Flexcavo enabling the telematics specialist to extend its reach in the contractor market.

Company Information

Company

Trackunit

About

Trackunit is the leading SaaS-based IoT solution for the construction industry, offering an ecosystem of hardware, fleet management software & telematics.

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