Medical Manufacturing Technologies Acquires Ireland-Based Somex Automation
May 10, 2023•about 2 years ago
Acquiring Company
Medical Manufacturing Technologies
Acquired Company
Somex Automation
Manufacturing
Description
Medical Manufacturing Technologies, Inc. (MMT), a portfolio company of Arcline Investment Management and a leading global provider of medical device manufacturing solutions, announced the acquisition of Somex Automation (Somex), an Ireland-based provider of custom automation equipment and processes for the medical device manufacturing industry. The Somex product offering will go to market under our MMT Automation brand.
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