Tech
IT Heard About the Acquisition Nine Days Before It Closed
We bought a distributor in 2024. Eighty staff, three depots, a good customer book. I was told nine days before completion, in a meeting where somebody asked how long it would take to put them on our systems and clearly expected an answer measured in weeks.
The first month produced four facts that nobody had gone looking for. Their order system was licensed to the seller's parent group rather than to the company we were buying, and the licence was not transferable, so we either bought a new on...
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