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Givex Completes Acquisition Of Kalex Equipment Services

Jan 26, 2022•over 3 years ago

Acquiring Company

Givex Corp

Acquired Company

Kalex Equipment Services

BahamasFinancial ServicesSoftware

Description

Givex Information Technology Group Ltd. ("Givex") (TSX: GIVX) completed the acquisition of all the shares of 1157487 Ontario Inc., doing business as Kalex Equipment Services ("Kalex"), on Jan. 25, 2022. The acquisition enhances Givex's position as a growth-oriented company, with increased installation and servicing capabilities, and opportunities to upsell its omnichannel platform to the largest brands in the country.

Company Information

Company

Givex Corp

Location

303 SHIRLEY STREET, PO BOX 294

Bahamas

About

Givex (TSX: GIVX) is a global fintech company providing merchants with customer engagement, point-of-sale and payment solutions in a single platform. We are integrated with 1000+ technology partners, creating a fully end-to-end solution that delivers powerful customer insights. Our platform is used by some of the world's largest brands, comprising approximately 96,000 locations across more than 100 countries. Learn more at givex.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