SUWANEE, GA – Video, IP and broadband technology company Arris Group is buying U.K.-based Pace for aggregate stock and cash consideration of US $2.1 billion.Pace is a provider of technology solutions to the Pay TV and broadband industries. Headquartered in the U.K., Pace has a customer base of over 200 operators across the world, and employs around 2,300 people in locations that also include the U.S., France, India, and China.Arris said that the deal provides it with large scale entry into satellite segment; enhances its international presence; and expands its product portfolio across equipment, software, and services. The transaction will result...
