Connectivity and cable developer Belden has entered into a definitive agreement to acquire wireless Lan kit maker Trapeze Networks for $133m in cash.
Belden said that Trapeze's wireless expertise will extend the reach of Belden's physical-layer cable and connectivity products, and enable the company to address the growing mobility needs of customers.
"Belden's strategic vision is to provide the best signal transmission solutions to our customers regardless of technology," said John Stroup, president and chief executive at Belden.
"We believe the acquisition of Trapeze uniquely positions Belden to offer enterprise customers tailored connectivity solutions that benefit from blending the strengths of copper, fibre and wireless technologies."
The acquisition will make Belden the world's largest unified wired and wireless solutions provider and will provide expanded market access for Trapeze's Smart Mobile solutions.
Trapeze is a privately held company based in Pleasanton, California with 2007 revenues of $56m.
The firm sells into healthcare, education, manufacturing, retail, government and other enterprise verticals through OEMs and distribution channels.
Jim Vogt, president and chief executive of Trapeze, said: "During the past six years, enterprise customers around the world have invested in Trapeze Smart Mobile because they can depend on it for constant connectivity and reliable mobility.
"The superior performance and cost benefits of our highly acclaimed wireless Lan products have fuelled our global growth through distribution and through our OEM relationships with 3Com, Enterasys, Nortel and other large networking companies.
"Our customers can now be assured of continued product innovation and new capabilities from the combined resources of Belden and Trapeze."
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