Belden is set to acquire Trapeze Networks, a leading provider of wireless local area networking (WLAN) equipment and management software, for $133 million in cash.
The acquisition builds on Belden’s market-leading position as a complete signal transmission solutions provider by adding a recognised leader in the wireless LAN market.
Wireless extends the reach of Belden’s physical-layer cable and connectivity products and enables the company to address the growing mobility needs of customers.
“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, fiber and wireless technologies.
The acquisition will make Belden the world’s largest unified wired and wireless solutions provider and will provide expanded market access for Trapeze Networks’ Smart Mobile solutions.
“We believe we are at an inflection point in enterprise wireless LAN expansion, a market that is already growing nearly 25 percent per year, and that wireless connectivity is no longer considered a luxury but is a customer expectation,” added Mr. Stroup.