AV manufacturer SnapAV announced a definitive merger agreement with Control4, with SmartAV acquiring Control4 in an all-cash transaction of approximately $680 million.
The transaction is due to be
completed in the second half of 2019, with
SnapAV acquiring all the outstanding common stock
of Control4 for $23.91 per share in
cash.
The combined company will be led by
SnapAV CEO John Heyman and a team
made up of leaders from both SnapAV
and Control4, with Control4 CEO Martin Plaehn joining
the board of directors of the combined company.