Acquiring Company
Hexa Climate
Acquired Company
Fortum
GurgaonGurgaonRenewable EnergyEnergyRenewable EnergyEnergyDescription
Hexa Climate Solutions has acquired Fortum India Pvt Ltd in a complete buyout. This acquisition marks Fortum's exit from the Indian renewable market, where it had been since 2012. Hexa plans to enhance its portfolio with Fortum India's assets, including a significant solar-wind hybrid project. The change aligns with Fortum's strategy to limit its global exposure amidst financial challenges.
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