Security firm Avast has today confirmed the completion of a $1.4 billion acquisition of fellow Czech-based antivirus company AVG.

The acquisition was announced back in July, with scale and geographical breadth touted as the driving forces, along with a plan to expand product offerings including in the Internet of Things space.

Avast says the new combined entity reaches one-third of the world’s PC users outside of China. Both the Avast and AVG brands are likely to continue to operate, depending on relative market strengths.

According to Tech Crunch,The purchase price values AVG at $25 per share, for a total price-tag of $1.3BN, but Avast CEO Vince Steckler said there was also around $100M of AVG debt to pay off — bumping the total paid to $1.4BN.

The acquisition has been completed within the originally slated time frame.

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