PharmaLegacy Laboratories completes acquisition of BTS Research to strengthen preclinical services and expand operations
Sep 16, 2024•about 1 year ago
Acquiring Company
PharmaLegacy Laboratories
Acquired Company
BTS Research
Description
PharmaLegacy Laboratories, a provider of in vitro and in vivo preclinical drug development services, has strategically acquired BTS Research, a San Diego-based CRO. This acquisition strengthens and expands PharmaLegacy’s global research capabilities and service offerings, allowing them to better serve clients across North America and advance their position as an industry-leading preclinical CRO.
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