Belden Announces Acquisition of Precision Optical Technologies

Posted  by GoPhotonics


Belden, a leading global supplier of network infrastructure and digitization solutions, has announced it has entered into a definitive agreement to acquire Precision Optical Technologies for approximately $290 million in cash. Precision Optical Technologies is a leading supplier of value-added optical transceivers with proprietary software, firmware configurations, and related components. The company’s products are core elements in fiber infrastructure deployments, expansions, and network upgrades, benefiting from multiple secular tailwinds. Precision Optical Technologies’ products are highly complementary to Belden’s existing Enterprise Solutions products and will enhance our solutions offerings in key markets.

We are eager to welcome the Precision Optical Technologies team to the Belden family upon closing,” said Ashish ChandPresident and CEO of Belden. “Precision Optical Technologies’ strong position in the optical transceiver market will be highly beneficial to Belden as we look to grow our solutions offerings in the Enterprise 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 together with our new team members to grow our solutions capabilities.”

Precision Optical Technologies is expected to be accretive to Belden’s adjusted earnings per share in the first year post-closing, excluding acquisition-related costs. The transaction is expected to be completed by the end of the second quarter of 2024 and is subject to certain regulatory approvals and other customary closing conditions.

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