ARRIS has completed its £1.4B acquisition of Pace.The newly combined company is incorporated in the UK, with operational and worldwide headquarters remaining in Suwanee, GA, USA.
Bob Stanzione will lead the combined organization as Chairman and CEO. The ARRIS Board of Directors will remain unchanged ARRIS shareholders will own approximately 76 percent of the new company, with former Pace shareholders owning the remaining 24 percent.
“ARRIS is investing in our industry’s next stage of growth. This acquisition enables us to scale our leadership and innovation to transform global entertainment and communications for millions of people,” comments Stanzione. “Our combined organization unites two of the strongest leadership and engineering teams in the industry—giving us the scale, expertise, and technology to make ARRIS, more than ever before, the partner of choice for the world’s leading service providers. Together with our customers, we’re creating a world of connected, personalized entertainment and communications that blend seamlessly into our everyday lives.”