Belden Inc. (NYSE: BDC) has entered into a definitive agreement to acquire RUCKUS Networks from Vistance Networks for approximately $1.85 billion, the company announced. The acquisition positions Belden as a provider of end-to-end IT/OT networking solutions, adding enterprise Wi-Fi, switching, and AI-driven cloud networking capabilities to its existing portfolio.
According to the company, the acquisition is expected to be immediately accretive to earnings and enhance margins. The deal supports Belden's expansion across enterprise and industrial markets while enabling rapid deleveraging. Belden's CEO noted that the combination of RUCKUS's advanced wireless and cloud management technologies with Belden's industrial networking expertise will create a comprehensive solution for customers navigating the convergence of information technology (IT) and operational technology (OT).
RUCKUS Networks is known for its Wi-Fi 6 and Wi-Fi 6E access points, switching, and cloud-based management platform, which are widely used in enterprise, hospitality, education, and public sector environments. The acquisition is part of Belden's strategy to strengthen its position in the growing market for secure, reliable networking infrastructure amid the rise of IoT, smart buildings, and Industry 4.0.
Belden, headquartered in St. Louis, has a history spanning over 120 years and provides complete connection solutions across various industries. The company has manufacturing capabilities in North America, Europe, Asia, and Africa. The acquisition of RUCKUS Networks is expected to close in the first half of 2024, subject to regulatory approvals and customary closing conditions.
For more details, the full press release is available at https://ibn.fm/IbcNS. Belden's website at https://www.belden.com/ provides additional information about the company and its solutions.
