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Westerwood Global Acquires Nstar® Global Services

Feb 01, 2023•almost 3 years ago

Acquiring Company

Westerwood Global

Acquired Company

NSTAR Global Services

ManufacturingFacility ManagementConsulting

Description

Westerwood Global (Westerwood), a leading provider of managed service solutions, and NSTAR® Global Services (NSTAR), a leader in asset relocation, facility and equipment services, and workforce management solutions, announced today that Westerwood has acquired NSTAR effective February 1, 2023. Together, Westerwood and NSTAR will leverage their strengths to become the leading asset lifecycle management and workforce solutions partner to the semiconductor and related high technology industries.

Company Information

Company

Westerwood Global

About

Westerwood Global, established in 2000, is a leading provider of workforce development solutions and a trusted partner to high tech manufacturing industries. Our Managed Services and Technical Staffing capabilities provide a true value add for all outsourced requirements. With unrivalled knowledge, our management, engineers, maintenance and manufacturing technicians have a deep understanding and expertise in all the industries we serve. www.westerwoodglobal.com

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