Resideo Technologies, Inc. to acquire Snap One Holdings Corp. to enhance smart living product and distribution presence
Apr 15, 2024•over 1 year ago
Acquiring Company
Resideo
Acquired Company
Snap One Holdings
Description
Resideo Technologies, Inc., a technology-driven products and solutions company, has announced the acquisition of Snap One Holdings Corp., a leading provider of smart-living products, services, and software to professional integrators. This acquisition aims to expand Resideo's presence in the smart living products and distribution sector, offering professional integrators an expanded selection of proprietary products, extensive third-party supplier relationships, and proven omni-channel reach.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed