J.P. Morgan To Acquire A Stake In Viva Wallet

Jan 25, 2022•over 3 years ago

Acquiring Company

J.P. Morgan Chase

Acquired Company

Natron Energy

New York

Santa ClaraLendingFinanceFinancial ServicesEnergyManufacturingSustainabilityPaymentsSoftware

Description

J.P. Morgan (NYSE: JPM) announced today that it has entered into an agreement with Viva Wallet Holdings Software Development S.A. (Viva Wallet), a leading European cloud-based payments fintech company, and its existing shareholders to acquire an ownership stake of approximately 49 percent, subject to regulatory approvals. Financial terms of the transaction were not disclosed.

Company Information

Company

J.P. Morgan Chase

Location

New York, New York, United States

About

J.P. Morgan Chase is a leading global financial services firm. It offers a wide range of financial products and services, including investment banking, asset management, and consumer banking. The firm serves millions of customers worldwide, focusing on providing superior financial solutions. J.P. Morgan is committed to innovation and sustainability in finance.

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

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J.P. Morgan To Acquire A Stake In Viva Wallet

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