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Beaconsmind Ag Acquires Controlling Stake In Wifi Hotspot Service Provider Frederix Hotspot And Extends Its Value Chain

Nov 21, 2022•over 2 years ago

Acquiring Company

beaconsmind

Acquired Company

FREDERIX

Retail TechnologyLocation Based ServicesRetailE CommerceSoftwareWirelessHardwareSoftware

Description

Regulatory News:

Company Information

Company

beaconsmind

About

Founded in 2015 in Switzerland, beaconsmind AG is a pioneer in the field of location-based marketing (LBM) software for retail chains. By fitting stores with Bluetooth beacons that precisely locate and identify customers, and by integrating its Software Suite, beaconsmind opens a brand-new channel for retailers to interact with their customers. Thanks to its solution, retailers can converge digital and physical shopping and address the convenience gaps of each. The shares of the company (ISIN: CH0451123589 – Ticker: 81D) are listed on the Frankfurt Stock Exchange with XETRA trading and on Euronext in Paris.. For more information, please visit www.beaconsmind.com

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