logo
logo

Kulr Technology Announces Acquisition Of Vibetech And Launch Of Revolutionary Vibration Reduction Service, Kulr Vibe

Oct 06, 2022•almost 3 years ago

Acquiring Company

KULR Technology Group

Acquired Company

VibeTech

Renewable EnergyEnergyManufacturing

Description

KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading energy management platform accelerating the electrification of the circular economy, today announced its acquisition of VibeTech and the formal launch of KULR VIBE (“VIBE”), an AI driven vibration reduction solution.

Company Information

Company

KULR Technology Group

About

KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.

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