ARRIS says it expects the forthcoming Pace acquisition to help it counter the effects of industry consolidation.
The tech firm has revised its financial predictions for the second quarter, ahead of a full announcement on July 29.
“Our business continues to be impacted by external factors, most notably the various pending industry consolidations and by the strengthening of the US dollar,” said Bob Stanzione, ARRIS Chairman and CEO.
Stanzione said the company anticipated would continue to impact the company in the second half of 2015.
Regulatory approval for the acquisition of Pace has recently been granted in Germany and South Africa. It’d anticipated the $2.1 billion deal will close in the fourth quarter of 2015.
