December 11, 2012 - Belden Inc. has acquired privately held PPC—a provider of broadband connectivity solutions—for $515.7 million with the aim of being a leader in broadband connectivity.
"This acquisition is a wonderful example of our business transformation and highlights our strategic focus on building global business platforms with strong financial attributes, serving attractive end markets," said John Stroup, president and CEO of Belden. "PPC provides innovative products that enable our customers to profitably grow their business by delivering higher bandwidth and enhanced services, with fewer service calls."
Source:
http://www.ebmag.com/Industry-News/belden-acquires-ppc-for-$5157-million-to-lead-in-broadband-connectivity.html
