Amcs Acquires Utility Billing Software Company Utilibill To Enter The Global Water And Energy Sector
Jan 19, 2022•over 3 years ago
Acquiring Company
AMCS
Acquired Company
Utilibill
Description
AMCS, the leading global supplier of integrated software and vehicle technology for the environmental, recycling, and resource industries, today announced that it has acquired Utilibill, a leading Australian-based cloud billing platform for an undisclosed amount. This acquisition complements AMCS’ strategy of being a valued technology partner for customers on their journey to net-zero carbon, resource sustainability and the circular economy.
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