SnapAV to Acquire Control4 in $680M Deal

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In major custom electronics industry news that CE Pro will continue to update and monitor throughout the day, SnapAV, a leading manufacturer and primary source of A/V, surveillance, networking and remote management products for integrators, and Control4 Corporation (NASDAQ: CTRL), a leading global provider of smart home solutions, today announced that they have entered into a definitive merger agreement whereby SnapAV will acquire Control4 in an all-cash transaction for $23.91 per share in cash, representing an aggregate value of approximately $680 million.

This highly complementary combination will leverage the increased resources of the two companies to provide integrators with a true one-stop shop, offering a complete product portfolio of custom smart-home, control and automation solutions, according to the joint announcement from the Charlotte, N.C., and Salt Lake City-based companies.

Together, SnapAV and Control4 will drive increased innovation, simplified integration and compelling solutions that meet the demands of today’s expanding smart home industry, the announcement states.

With leading technology solutions, a broad geographic footprint and exceptional service organizations, the combined company is poised to provide integrators with better opportunities to serve customers in the connected home and business markets.

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