Resideo Technologies plans to acquire Snap One for $1.4B in a cash deal, integrating it into ADI Global Distribution, and combining smart living capabilities and Control4 tech platforms.
Resideo Technologies plans to acquire Snap One Holdings Corp for $10.75 per share in a $1.4 billion cash deal. Upon completion, Snap One will integrate into Resideo's ADI Global Distribution business. The transaction aims to combine Resideo's strong security products distribution position with Snap One's capabilities in the smart living market and Control4 technology platforms, driving value for integrators and financial returns. The acquisition is subject to customary closing conditions, including regulatory approvals.
April 15, 2024
13 Articles