Belden Completes Grass Valley Acquisiiton

Belden announced that it has completed the acquisition of the previously announced offer to purchase Grass Valley. When the deal was announced in February, Benden CFO Henk Derksen told equity analysts that the $220 million deal would be funded with existing cash. Derksen told analysts at the time of the announcement that Belden plans “to invest approximately $25 million during the first 12 months of integration largely through restructuring efforts to capture the value of the combined company.

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The combined organization will have more than $170 million in revenue and a product range covering broadcast TV as well as TV Everywhere and other digital media platforms.