Luxit Group Acquires Tennessee Lighting Manufacturing Facility From Proper Group
Dec 13, 2022•over 2 years ago
Acquiring Company
LUXIT Group
Acquired Company
Lighting Manufacturing Facility
Description
Global automotive lighting supplier LUXIT Group (LUXIT), an affiliate of New Water Capital Partners I L.P. (New Water), has acquired a manufacturing facility in Pulaski, Tennessee, from Proper Group International, LLC.
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