Acquiring Company
MiX
Acquired Company
Trimble
Description
MiX Telematics (JSE: MIX) (NYSE: MIXT), a leading global SaaS provider of connected fleet management solutions, announced today that the company has signed a definitive agreement to acquire Trimble's Field Service Management's (FSM) business. The acquisition is subject to customary closing conditions.
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