Belden Announces Successful Completion of Grass Valley Acquisition

Belden Inc., a global leader in signal transmission solutions for mission critical applications, announced that it has completed the acquisition of the previously announced offer to purchase Grass Valley, a leader within the Broadcast market.

The value of this combination for both customers and shareholders is clear. First, by aligning both resources and strategies, Belden creates a business that broadens its offerings, while realizing the benefits of scale. Second, it will enable the most complete product offering in the broadcast industry. Belden now has the ability to simplify the purchasing and management of highly complex infrastructures. Finally, there is a significant opportunity in the application of the Belden Business System, including LEAN enterprise techniques and the Market Delivery System.

As a result of this successful outcome, the acquisition of Grass Valley will be immediately accretive to adjusted earnings per share with an estimated impact of approximately$0.20in 2014 and$0.50in 2015.

A more detailed discussion of the financial impact will occur on Belden's regularly scheduled first quarter 2014 earnings conference call on Thursday, May 1, 2014. 

source wireworld