SnapAV announces merger with Control4

AV manufacturer SnapAV announced a definitive merger agreement with Control4, with SmartAV acquiring Control4 in an all-cash transaction of approximately $680 million.

The transaction is due to be completed in the second half of 2019, with SnapAV acquiring all the outstanding common stock of Control4 for $23.91 per share in cash.

The combined company will be led by SnapAV CEO John Heyman and a team made up of leaders from both SnapAV and Control4, with Control4 CEO Martin Plaehn joining the board of directors of the combined company.