"When combined with Miranda, the resulting end-to-end solution will be the most complete and compelling in the industry," Belden says in an earnings report released this morning. Belden purchased Miranda in 2012.
Belden Snaps Up Grass Valley For $220M
Belden, which purchased Miranda in 2012, is swallowing another major broadcast equipment vendor — Grass Valley.
In its earnings report this morning, St. Louis-based Belden says that it has agreed to acquire Grass Valley for $220 million.
“The binding offer is subject to consultation with Grass Valley’s foreign labor works council, after which we will enter into a definitive agreement,” the report says.
“Grass Valley provides innovative technologies including production switchers, cameras, servers, and editing solutions within the mission critical applications of broadcast customers. When combined with Miranda, the resulting end-to-end solution will be the most complete and compelling in the industry,” the report adds.
Belden says it expects the deals to close by March 31.