Acquiring Company
CLO Virtual Fashion
Acquired Company
swatchbook
Description
CLO Virtual Fashion has acquired swatchbook, enhancing its leadership in digital fabric solutions. This acquisition will integrate swatchbook's extensive fabric library into CLO's platforms. The move aims to create significant value for users and clients, driving innovation in the fashion industry. The integration will see swatchbook's team merge with CLO's Materials division.
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