NYSE:BDCElectronic
Belden’s RUCKUS Deal Recasts Growth Story In AI Ready Networking
Belden (NYSE:BDC) announced an agreement to acquire RUCKUS Networks for approximately US$1.85b.
The deal is intended to position Belden as a provider of end to end IT and operational technology networking solutions.
The transaction is expected to immediately affect Belden's financial profile, including margins and earnings.
The acquisition expands Belden's reach into AI focused networking markets that the company views as high growth areas.
Belden, known for its signal transmission and...