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Vigil Health Announces Final Order For Acquisition By Assa Abloy

Mar 22, 2022over 3 years ago

Acquiring Company

ASSA ABLOY

Acquired Company

Vigil

StockholmManufacturingInformation TechnologyHealth Care

Description

Vigil Health Solutions Inc. (“Vigil” or the “Company”) (TSXV: VGL) announced today that it has obtained a final order from the British Columbia Supreme Court approving the previously announced statutory plan of arrangement (the “Arrangement”) involving the Company and ABLOY Canada Inc. (the “Purchaser”), a subsidiary within the ASSA ABLOY Group, pursuant to which the Purchaser will acquire all of the issued and outstanding shares of Vigil. The granting of the Final Order was a condition to the completion of the Arrangement.

Company Information

Company

ASSA ABLOY

Location

Stockholm, Stockholm County, Sweden

About

The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,000 employees and sales of SEK 88 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.This information was brought to you by Cision http://news.cision.com https://news.cision.com/assa-abloy/r/assa-abloy-to-acquire-hardware-and-home-improvement--hhi--division-of-spectrum-brands,c3412118 The following files are available for download: https://mb.cision.com/Main/7333/3412118/1465954.pdf Press release (PDF) SOURCE ASSA ABLOY

DealWatch™ Score

85
High M&A Activity

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M&A Insights

Based on deal data
Integration 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

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