Belden Completes Acquisition of Precision Optical Technologies, Inc.
July 01 2024 - 4:15PM
Business Wire
Belden Inc. (NYSE: BDC) today announced it has completed the
acquisition of Precision Optical Technologies, Inc. (“Precision
Optical Technologies”).
“We are excited to welcome the Precision Optical Technologies
team to the Belden family,” said Dr. Chand. “Precision Optical
Technologies’ strong position in the optical transceiver market
will benefit Belden as we look to grow our solutions offerings in
the Enterprise Solutions segment and broadband markets. As networks
are upgraded, and bandwidth demands increase, Precision Optical
Technologies’ products will be critical components as fiber
deployments accelerate. Further, combined with Belden fiber and
network products, our solutions teams will now have enhanced
passive optical network (or 'PON') components and will sit deeper
in the fiber network allowing for additional use cases and
opportunities with MSOs, telcos, data centers, and enterprise
customers. We look forward to working with our new team members to
grow our solutions capabilities.”
Closing of the Precision Optical Technologies acquisition has no
impact on previously issued second quarter 2024 guidance.
About Belden
Belden Inc. delivers the infrastructure that makes the digital
journey simpler, smarter and secure. We’re moving beyond
connectivity, from what we make to what we make possible through a
performance-driven portfolio, forward-thinking expertise and
purpose-built solutions. With a legacy of quality and reliability
spanning 120-plus years, we have a strong foundation to continue
building the future. We are headquartered in St. Louis and have
manufacturing capabilities in North America, Europe, Asia, and
Africa. For more information, visit us at www.belden.com; follow us
on Facebook, LinkedIn and X/Twitter.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240701820800/en/
Belden Investor Relations Aaron Reddington, CFA
(317) 219-9359 Investor.Relations@Belden.com
Belden (NYSE:BDC)
Historical Stock Chart
From Dec 2024 to Jan 2025
Belden (NYSE:BDC)
Historical Stock Chart
From Jan 2024 to Jan 2025