ARRIS International has confirmed that it has completed the purchase of former rival broadcast technology firm Pace. The deal valued at $2.1bn first announced in April last year. The transaction combines the strengths of both companies on a global scale – broadening its worldwide CPE leadership with a competitive stake in satellite communications; leveraging new synergies in […]
ARRIS International has confirmed that it has completed the purchase of former rival broadcast technology firm Pace.
The deal valued at $2.1bn first announced in April last year.
The transaction combines the strengths of both companies on a global scale – broadening its worldwide CPE leadership with a competitive stake in satellite communications; leveraging new synergies in telco TV; expanding its cloud, network, home, and services portfolio; and increasing its collaboration with the world’s leading pay-TV providers. In addition to CPE, ARRIS added that the combination further establishes it as a global leader in HFC/Optics, complementing its established CMTS leadership position.
The newly combined company is incorporated in the UK with operational and worldwide headquarters remaining in Suwanee, USA, the site of the ARRIS corporate offices. Bob Stanzione will lead the combined organisation as Chairman and CEO. The ARRIS Board of Directors will remain unchanged.
This acquisition enables us to scale our leadership and innovation to transform global entertainment and communications for millions of people,” said Stanzione.
“Our combined organisation unites two of the strongest leadership and engineering teams in the industry giving us the scale, expertise, and technology to make ARRIS, more than ever before, the partner of choice for the world’s leading service providers. Together with our customers, we’re creating a world of connected, personalised entertainment and communications that blend seamlessly into our everyday lives.”
