ST. LOUIS -- Belden (NYSE:BDC) has completed the acquisition of Trapeze Networks, a technology leader in wireless LAN equipment and network management software, for a cash price of approximately $133 million.
"Belden's strategy is to provide our customers with the world's most reliable signal transmission solutions for mission-critical applications, encompassing wireless systems as well as optical fiber, copper cable, and related connectivity products," said John Stroup, President and Chief Executive Officer of Belden. "Mobility is a requirement among our enterprise customers, and today's wireless technology provides the performance and security that make wireless an indispensable component of the enterprise network. The acquisition of Trapeze Networks uniquely positions Belden to address the enterprise market with a full complement of signal transmission solutions. We are eager to introduce Trapeze Networks' technology to Belden's enterprise customers.
Belden Inc. (NYSE: BDC)