Plantronics buys Polycom for 2.000 million dollars

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

Plantronics will acquire Polycom in a cash and stock transaction that will total 2.000 million dollars. The operation 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 will strengthen its position in the market with a complete portfolio of communications and collaboration solutions and services.

“With the incorporation 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 address today's enterprise collaboration requirements while capitalizing on market opportunities associated with the evolving intelligent enterprise.", explains Joe Burton, President and CEO of Plantronics.

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

According to the terms of the agreement, Robert Hagerty, board member and chair of the Strategy and Mergers and Acquisitions committees, will assume the position of President, and Marv Tseu will assume the role of vice chairman of the Plantronics Board of Directors.