Resideo Technologies, Inc. completed the acquisition of Snap One in June 2024 for $1.4 billion. This strategic move significantly bolsters the ADI Global Distribution segment, integrating a leading provider of smart-living products for professional integrators. The acquisition is expected to enhance ADI's competitive position in the low-voltage product distribution market.
The integration of Snap One has already yielded approximately $17 million in run-rate synergies in 2024, exceeding initial expectations. Resideo is targeting at least $75 million in annual run-rate synergies exiting year three, demonstrating the financial benefits of this transaction. This expansion supports ADI's vast portfolio of over 500,000 products.
The acquisition strengthens ADI's offering with proprietary technologies and exclusive brands, including Control4, OvrC, Araknis Networks, and WattBox. This move is designed to drive increased customer value and financial returns by expanding the company's reach in specialty categories like fire, access control, smart living, and data communications.
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