Cambrex Completes Acquisition Of Snapdragon Chemistry, A Leader In Continuous Flow Api Development Services
Jan 18, 2023•over 2 years ago
Acquiring Company
Cambrex
Acquired Company
Snapdragon Chemistry
ManufacturingHealth CareScience And EngineeringHardwareManufacturingInformation Technology
Description
Cambrex, a leading global contract development and manufacturing organization (CDMO) providing drug substance, drug product, and analytical services across the entire drug lifecycle, today announced that it has completed its acquisition of Snapdragon Chemistry, a leading US-based provider of chemical process development services to a broad range of emerging and established biopharma customers.
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