Resideo Technologies completes acquisition of Snap One to expand smart living and security solutions
Resideo Technologies, Inc. (NYSE: REZI) has successfully completed the acquisition of Snap One (Nasdaq: SNPO), a notable provider of smart-living products, services, and software. The acquisition, valued at approximately $1.4 billion, involves an all-cash transaction priced at $10.75 per Snap One common share. This strategic move is part of Resideo’s continued effort to enhance its portfolio in the home comfort, security, life safety, and energy efficiency sectors.
Integration and Market Expansion
Resideo will integrate Snap One into its ADI Global Distribution segment, significantly broadening the range of products and services available to professional integrators. This integration promises to enrich ADI’s offerings with Snap One’s advanced smart living and home automation solutions, such as the acclaimed Control 4 technologies.
Resideo Technologies finalizes its $1.4 billion acquisition of Snap One, strengthening its smart living and security portfolio and enhancing global distribution capabilities.
Financial and Strategic Implications
The transaction is anticipated to be accretive to Resideo’s full-year 2025 Adjusted EPS, fueled by favorable revenue growth and enhanced margin profiles across the company’s operations. Resideo also expects to realize annual run-rate synergies of approximately $75 million by 2027. The deal, funded through committed debt and a $500 million investment from Clayton, Dubilier & Rice LLC, aims to leverage the combined capabilities of Resideo and Snap One to lead in the rapidly growing smart technology market.
Leadership and Future Outlook
“Resideo is poised for a transformative future as we simplify the connected world, creating substantial value for our customers and shareholders,” stated Jay Geldmacher, President and CEO of Resideo. The acquisition is seen as a pivotal enhancement to Resideo’s product lineup and market position, particularly in the security, audio-visual, and smart living domains.
Broader Impacts and Industry Positioning
The merger positions Resideo to better serve the expanding market demands for integrated smart technology solutions in both residential and commercial settings. By combining Snap One’s innovative technology platforms with ADI’s robust distribution network, Resideo aims to deliver an unparalleled value proposition to its customers and stakeholders, setting new standards for customer service and integration in the smart home industry.