SnapAV, a manufacturer and source of A/V, surveillance, networking and remote management products for professional integrators, and Control4 Corporation, a global provider of smart home solutions, today announced that they have entered into a definitive merger agreement stating 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 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. Together, SnapAV and Control4 will drive increased innovation, simplified integration and compelling solutions that meet the demands of today’s expanding smart home industry.