Acquiring Company
Saalex Corporation
Acquired Company
Greenfield Engineering
Description
Saalex Corporation has announced its acquisition of Greenfield Engineering Corporation, enhancing its software development capabilities. This strategic move focuses on avionics software for the U.S. Navy. Greenfield's 61 employees will join Saalex, and integration is set to begin immediately. This acquisition builds upon Saalex's recent growth in the Patuxent River area.
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