The transaction is intended to expand ARRIS's worldwide CPE market share 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 service providers worldwide. The combination is also intended to expand ARRIS' position in HFC/optics, complementing its established CMTS business.
ARRIS Nails Down Pace Deal
ARRIS (NASDAQ:ARRS) has completed its $2.1 billion stock and cash (£1.4 billion) acquisition of Pace (LSE:PIC). The newly combined ...
Jan 5th, 2016
ARRIS (NASDAQ:ARRS) has completed its $2.1 billion stock and cash (£1.4 billion) acquisition of Pace (LSE:PIC). The newly combined company is incorporated in the UK, with operational and worldwide headquarters remaining in Suwanee, GA. ARRIS shareholders will own approximately 76% of the new company, with former Pace shareholders owning the remaining 24%. ARRIS CEO Bob Stanzione will lead the combined organization as chairman and CEO. The ARRIS board of directors will remain unchanged.