Belden Inc. is making two strategic acquisitions of GarrettCom and Thomas & Betts Communications Products Business to strengthen its connectivity platform as well as extend its smart grid and security solutions.
Belden is a global leader in signal transmission solutions for mission critical applications, designing and manufacturing cable, connectivity and networking products for industrial automation, enterprise, transportation, infrastructure and consumer electronics.
Belden Australia represents the group’s business in Australia.
Belden is acquiring GarrettCom for $US52 million and the Thomas & Betts Communications Products Business for $US78 million.
Both acquisitions will be funded from cash on hand subject to the satisfaction of customary closing conditions.
Adam Callender, Belden's regional manager for Australia and New Zealand says that GarrettCom’s advanced industrial networking products and smart grid solutions will extend Belden's leadership position as an industrial networking solutions provider with their industrial grade switches, routers, converters, serial communications and security software.
Following the acquisition, Belden will be able to address the growing needs of customers across a more diverse set of end market applications with GarrettCom's premium hardened networking products complementing Belden’s existing portfolio of Hirschmann high-availability industrial networking solutions.
GarrettCom's products find application in power utilities, surveillance and security, transportation, speciality industrial automation, telecommunications as well as various demanding harsh environment verticals.
Callender adds that Belden's strategic vision is to provide the best industrial networking solutions to their customers regardless of application or environment.
The Thomas & Betts acquisition will further strengthen Belden's position as an end-to-end solution provider within the broadband/CATV, security and audio/video markets.
The product range includes Snap-N-Seal drop connectors, LRC hardline connectors, Diamond hardware and grounding products as well as telecom enclosures and connectors including the Kold-N-Klose enclosure systems.
By adding these established brands and market-leading RF connectors to its extensive portfolio of audio, video and security cables, Belden will expand its end-to-end solution offering and leverage its existing channels.
In another announcement, Juniper Networks is acquiring Trapeze Networks, a Belden brand and technology leader in enterprise wireless local area network (WLAN) systems and management software in an all-cash transaction valued at approximately $US152 million.