Belden Acquires Precision Optical Technologies, Bolstering Fiber Network Capabilities and Solutions
ByAinvest
Thursday, Jul 4, 2024 10:53 am ET1min read
BDC--
In a significant move to bolster its offerings in the Enterprise Solutions segment and broadband markets, Belden Inc. (BDC) has completed the acquisition of Precision Optical Technologies, Inc. (Precision Optical) [1]. This strategic transaction positions Belden to capitalize on the growing demand for fiber deployment and provide more comprehensive passive optical network (PON) components.
According to Belden's CEO, Dr. Chand, the acquisition of Precision Optical Technologies' strong position in the optical transceiver market will enable Belden to deepen its involvement in fiber networks and offer greater capabilities for MSOs, telcos, data centers, and enterprise customers [1]. With the increasing importance of connectivity and the need for higher bandwidths, the integration of Precision Optical Technologies' products with Belden's solutions will provide a competitive edge.
The acquisition of Precision Optical Technologies has no impact on Belden's second-quarter 2024 guidance [1]. Belden, a global leader in delivering infrastructure for the digital journey, has a rich history spanning over 120 years and has a strong foundation to continue building the future [1].
Belden's acquisition of Precision Optical Technologies is a strategic move to capitalize on the growing demand for fiber deployment and provide more comprehensive PON components. With the increasing importance of connectivity and the need for higher bandwidths, this acquisition will enable Belden to deepen its involvement in fiber networks and offer greater capabilities for MSOs, telcos, data centers, and enterprise customers.
References:
[1] Business Wire. Belden Completes Acquisition of Precision Optical Technologies, Inc. July 1, 2024. https://markets.ft.com/data/announce/detail?dockey=600-202407011615BIZWIRE_USPRX____20240701_BW820800-1.
MSOS--
Belden Inc. has finalized the acquisition of Precision Optical Technologies, aiming to enhance its offerings in the Enterprise Solutions segment and broadband markets. This strategic move positions Belden to capitalize on fiber deployment growth and provide more comprehensive passive optical network components. The integration of Precision Optical Technologies' products with Belden's solutions will deepen Belden's involvement in fiber networks, enabling greater capabilities for MSOs, telcos, data centers, and enterprise customers. The acquisition has no impact on Belden's second-quarter 2024 guidance.
In a significant move to bolster its offerings in the Enterprise Solutions segment and broadband markets, Belden Inc. (BDC) has completed the acquisition of Precision Optical Technologies, Inc. (Precision Optical) [1]. This strategic transaction positions Belden to capitalize on the growing demand for fiber deployment and provide more comprehensive passive optical network (PON) components.
According to Belden's CEO, Dr. Chand, the acquisition of Precision Optical Technologies' strong position in the optical transceiver market will enable Belden to deepen its involvement in fiber networks and offer greater capabilities for MSOs, telcos, data centers, and enterprise customers [1]. With the increasing importance of connectivity and the need for higher bandwidths, the integration of Precision Optical Technologies' products with Belden's solutions will provide a competitive edge.
The acquisition of Precision Optical Technologies has no impact on Belden's second-quarter 2024 guidance [1]. Belden, a global leader in delivering infrastructure for the digital journey, has a rich history spanning over 120 years and has a strong foundation to continue building the future [1].
Belden's acquisition of Precision Optical Technologies is a strategic move to capitalize on the growing demand for fiber deployment and provide more comprehensive PON components. With the increasing importance of connectivity and the need for higher bandwidths, this acquisition will enable Belden to deepen its involvement in fiber networks and offer greater capabilities for MSOs, telcos, data centers, and enterprise customers.
References:
[1] Business Wire. Belden Completes Acquisition of Precision Optical Technologies, Inc. July 1, 2024. https://markets.ft.com/data/announce/detail?dockey=600-202407011615BIZWIRE_USPRX____20240701_BW820800-1.
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