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+ - SPAM: Belden Acquires PPC for $515.7M

Submitted by Techno2012
Techno2012 (2793733) writes "Belden Inc., a global leader in signal transmission solutions for mission-critical applications, has acquired privately held PPC, makers of broadband connectivity solutions such as the popular brand PerfectPath, for $515.7 million.

The acquisition brings Belden into the higher-end cable market, which combined with its marketshare in the signal transmission area, will make it a formidable option as part of the Belden Broadcast Solutions platform.

According to details from Belden, PPC has an operating margin above 22 percent, which made it “accretive to Belden’s consolidated operating results” and for its stock price.

PPC, with 2012 revenues of approximately $238 million, made a splash in the custom electronics market when it came out with an HDMI locking connector."

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Belden Acquires PPC for $515.7M

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