Belden Inc. Acquires Precision Optical Technologies, Inc.
April 30, 2024
Belden Inc. has acquired Precision Optical Technologies, Inc. in a transaction announced at approximately $290 million in cash. The deal adds a portfolio of value‑added optical transceivers and fiber products to Belden's Enterprise Solutions segment to broaden its PON and fiber offerings for telcos, MSOs, data centers and enterprise customers; the acquisition was expected to close by end of Q2 2024 and has been completed.
- Buyers
- Belden Inc.
- Targets
- Precision Optical Technologies, Inc.
- Industry
- Telecommunications
- Location
- New York, United States
- Transaction Type
- Buyout
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