Taqa Closes The Transaction Of Acquiring 100% Of Al Mansoori Petroleum Services To Expand To The Middle East, North Africa, Central Asia, And Eastern Europe
Jan 31, 2023•over 2 years ago
Acquiring Company
TAQA
Acquired Company
100
Description
The Industrialization and Energy Service Company ("TAQA") announced today the closure of its 100% acquisition of Al Mansoori Petroleum Services ("AMPS"), expanding TAQA's Well Solutions business internationally.
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