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Belden acquires OTN Systems, revises guidance for Q4 2020

Wednesday 20 January 2021 | 14:55 CET | News
Belden said it has entered into a definitive agreement to acquire privately held OTN System, a Belgium-based provider of automation networking infrastructure products, for approximately USD 71 million, net of cash acquired. The transaction is expected to close in Q1, subject to customary closing conditions, and will be financed with cash on hand, which was approximately USD 500 million at the end of 2020. 

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Categories: Fixed
Companies: Belden / OTN Systems
Countries: Belgium / United States
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