Plantronics buys Polycom by 2.000 millions of dollars

With this transaction, Plantronics to expand portfolio of voice and video communications and collaboration and communications solutions and services.

Plantronics Acquired Polycom in a cash and stock transaction amounting to a total of 2.000 millions of dollars. The transaction has been approved by the boards of directors of both companies and is subject to regulatory approvals.. It is expected to close by the end of the third quarter of this year..

With this acquisition, Plantronics to strengthen market position with comprehensive portfolio of communications and collaboration solutions and services.

“With the addition of video solutions, Polycom audio and collaboration will be able to deliver a comprehensive portfolio of communications and collaboration services to our customers and channel partners. This will position Plantronics to solve today's business collaboration requirements while taking advantage of the market opportunities associated with the evolving intelligent enterprise.", explains Joe Burton, President and CEO, Plantronics.

Plantronics will have a broader portfolio of complementary products and services across the global communications and collaboration ecosystem. In addition, will allow you to capture additional opportunities in the Unified Communications and Collaboration industry, valued at 39.900 millions of dollars, Creating growth opportunities through data and information analysis services.

Under the terms of the agreement, Robert Hagerty, board member and chairman of the Strategy and M&A committees, will assume the position of President, and Marv Tseu to Assume Vice Chairman of Plantronics Board of Directors.

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