AV manufacturer SnapAV has announced a definitive merger agreement with Control4, acquiring the company in an all-cash transaction of approximately $680 million.
The transaction is expected 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 merged companies will be led by SnapAV CEO John Heyman with a team of leaders made up from both companies. Control4’s CEO Martin Plaehn will also join the board of directors of the combined company.