Belden has inked an agreement that will see it acquire Trapeze Networks for US $133 million in cash. The acquisition allows Belden's to add a recognised wireless LAN range to its product offering, and enter a high growth market.
"Belden's strategic vision is to provide the best signal transmission solutions to our customers regardless of technology," said John Stroup, President and Chief Executive Officer of Belden. "We believe the acquisition of Trapeze Networks uniquely positions Belden to offer our enterprise customers tailored connectivity solutions that benefit from blending the strengths of copper, fibre and wireless technologies."
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