Hid Global Acquires Vizinex Rfid To Expand Portfolio Of High Performance Passive Rfid Tags
May 17, 2022•about 3 years ago
Acquiring Company
HID Global
Acquired Company
Vizinex RFID
Description
HID Global, a worldwide leader in trusted identity solutions, today announced it has acquired Vizinex RFID. The acquisition increases HID Global’s presence and relevance in key vertical markets including healthcare/medical, manufacturing, oil & gas, data centers, etc. and adds a key technology to HID Global’s industry-leading RFID tag portfolio.
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