Novus Holdings reports strong interim earnings amid Mustek acquisition plans
Nov 25, 2024•8 months ago
Acquiring Company
Novus Holdings
Acquired Company
Mustek
Description
Novus Holdings, the printing, packaging, and educational resources company, reported strong interim earnings while announcing a bid for listed IT distribution company Mustek. The acquisition of Mustek reflects Novus Holdings' planned transition to a more diversified investment holding company.
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