Omorfia Group completes acquisition of The Grooming Company Holding to expand its beauty services portfolio
Jun 12, 2024•about 1 year ago
Acquiring Company
Omorfia Group
Acquired Company
The Grooming Company Holding
Abu DhabiDubaiBeautyLifestyleFashionE CommerceBeautyLifestyleDescription
Omorfia Group, majority owned by Multiply Group, has successfully acquired 100% ownership of The Grooming Company Holding (TGCH), a premier provider of salon and beauty services in the UAE. This strategic move reinforces Omorfia Group's commitment to expanding its beauty services portfolio within the UAE and beyond, in alignment with its growth strategy centered around targeted bolt-on acquisitions.
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