CES 2017. Pace, Cisco Systems, Arris Group, and Echostar Corporation are the leading providers of set-top boxes in the world today. In 2014, they held a collective share of 29.1% in the global set-top boxes market.
Arris has completed the $2.1 billion acquisition of Pace. The purchase was made through Arris International plc, the newly formed parent company of Arris Group.
Arris has announced that the High Court of Justice in England and Wales conditionally sanctioned the scheme of arrangement pursuant to which Arris will acquire Pace plc.
The proposed acquisition by Arris of UK technology firm Pace is now full steam ahead following approval from Brazil.
Completion of the $2.1 billion acquisition of Pace by Arris has been delayed until the new year.
The $2.1 billion acquisition of Pace by Arris has received unconditional merger clearance from the Portuguese Competition Authority.
Pace has fought off industry consolidation and currency issues to produce a first half in line with management expectations.
Arris is set to take the leadership of the video infrastructure market, taking over from Cisco, with Technicolor claiming the #3 ranking.
Arris has agreed to buy Pace in a $2.1 billion stock and cash deal that puts the UK set-top company in the same portfolio as the former Motorola set-top business.
Pace says its considering acquisitions in the Consumer Premises Equipment (CPE) space.