Acquiring Company
IndiaMART
Acquired Company
Livekeeping
Description
IndiaMART InterMESH Limited has acquired the remaining stake in Livekeeping Technologies, turning it into a wholly owned subsidiary. The acquisition involved purchasing 5,235 equity shares for approximately ₹26.78 crore. This strategic move aims to enhance IndiaMART's SaaS-based offerings in the accounting services sector. The deal marks a significant step in the company's long-term digital business objectives.
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