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Arris completes Pace takeover

Tuesday 5 January 2016 | 10:26 CET | News

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Arris has completed its takeover of set-top box maker Pace for GBP 1.4 billion. Arris said the takeover will strengthen its lead in the CPE market with a strong stake in satellite TV, new opportunities for hybrid and telco TV and increased collaboration with leading service providers. Arris acquired Pace with a combination of stock and cash. The newly combined company is incorporated in the UK, with operational and worldwide headquarters remaining in Georgia in the US. Former Pace shareholders hold 24 percent of the merged company. Bob Stanzione will lead the combined organization as Chairman

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Categories: Broadcast & Satellite
Companies: Arris
Countries: World
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