Resideo to Acquire Control4, Triad Audio and Other Snap One Brands
Resideo Technologies, a manufacturer and distributor of security and audiovisual products and solutions, and Snap One Holdings Corp., the agglomerate company that acquired Control4 and offers all types of products and services to professional integrators, have announced a definitive agreement for Resideo to acquire Snap One for $10.75 per share in cash and a transaction value of approximately $1.4 billion, inclusive of net debt. Upon closing, Snap One will integrate into Resideo's ADI Global Distribution business.