Ev Technology Group Announces Definitive Agreement To Acquire Portfolio Of Iconic Automotive Brands Of Ford, Maserati And Ferrari Coach Builders
Sep 16, 2022•almost 3 years ago
Acquiring Company
EV Technology Group
Acquired Company
Laza Medical
CampbellBiotechnologyDescription
EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) announces that it has entered into a share exchange agreement (the “Definitive Agreement”) with 1000310362 Ontario Inc. (the “Target”) and its shareholder, to acquire a portfolio of intellectual property including iconic brands Officine Stampaggi Industriali, Fantuzzi, Marazzi and Brewster & Co. (the “Transaction”).
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