Resideo’s Q2 financials reveal growth in ADI Global Distribution sales, bolstered by the recent Snap One acquisition, despite overall declines in net profit and adjusted EBITDA.
Three industry veterans discuss their expectations for how the combined entity of Resideo and Snap One will look to leverage synergies and the impact to dealers and integrators.
The combined entities are said to create a strong position in security, A/V and smart living technology distribution for residential and commercial markets.
In a new white paper released in partnership with Resideo, Parks Associates examines practical solutions and the latest advancements in smart home technology that contribute to energy management.
Resideo said it will use net proceeds from the $87.5 million transaction for ongoing organic and inorganic investment and to support capital return to shareholders through the recently announced share repurchase program.
