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Convergint To Acquire Peace Of Mind Technology, Entering Audio-Visual Technology Market In Australia

Aug 09, 2023•about 2 years ago

Acquiring Company

Convergint

Acquired Company

Peace Technology

Description

Convergint, a global leader in service-based systems integration, today announced plans to acquire Peace of Mind Technology (POMT), a leading, Sydney-based provider of audio-visual, workspace and communications technology solutions. This acquisition marks Convergint’s entry into the audio-visual (AV) market in Australia, greatly expanding the company’s vertical expertise and key service capabilities in Australia.

Company Information

Company

Convergint

About

Convergint is a $1.7 billion global, industry-leading systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety systems, financial automation, building automation, and audio-visual. Listed as the #1 systems integrator in SDM Magazine's Top Systems Integrators Report for the past 4 years, Convergint leads with over 6,500 colleagues and more than 150 locations worldwide. To learn more about Convergint, visit www.convergint.com.

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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