Gordon Technologies LLC completes acquisition of Vertex Downhole Trading LLC, Expanding MWD Global Reach
Oct 31, 2024•9 months ago
Acquiring Company
Gordon Technologies
Acquired Company
Vertex Downhole Trading
DubaiDescription
Gordon Technologies LLC, headquartered in Scott, Louisiana, has strategically acquired Vertex Downhole Trading LLC, the Dubai-based subsidiary of Vertex Downhole Technologies Inc, based in Calgary, Canada. This acquisition will accelerate Gordon's global expansion and offerings in the Measurement While Drilling (MWD) market, and also grant intellectual property rights for Winc, Winc+, and Mudlink technologies.
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