Xtend Announces Acquisition Of Leading Drone Inspection Specialists Performance Rotors
May 18, 2023•about 2 years ago
Acquiring Company
XTEND
Acquired Company
Performance Rotors
Description
XTEND – the developer of XOS, a human-guided autonomous operating system that is revolutionizing 'human to machine' interaction, has acquired Performance Rotors, the Singapore-based leading drone inspection specialists, in a move that will boost XTEND's ability to offer human-guided, remote interactive operations in a range of inspection scenarios, and grow its global business. Financial terms of the transaction were not disclosed.
FundzWatch™ Score
88
High M&A Activity
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