Belden Agrees To Acquire Precision Optical Technologies For ~$290M In Cash

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Belden Inc.

BDC

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On April 30, 2024, Belden entered into a definitive agreement to acquire Precision Optical Technologies, Inc. ("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.

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