Acquiring Company
myPOS
Acquired Company
UTP Group
LondonReadingLendingFintechFinanceFinancial ServicesDescription
myPOS has announced its acquisition of UTP Group, marking its second acquisition this year. This move will enable myPOS to enhance its services and support more businesses in the UK market. UTP brings a direct sales force and an established client base, which myPOS aims to leverage for further growth. Financial terms of the acquisition have not been disclosed.
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