Belden to Acquire Thinklogical
Belden Inc. announced that it has agreed to acquire Thinklogical from Boston-based PE firm Riverside Partners in a deal worth $160 million. Thinklogical is a developer and manufacturer of high-performance fiber optic-based video and switching equipment used for real-time enterprise video management by clients in markets including military and broadcasting. The company generated 2016 revenues of $51 million and EBITDA of $12 million. The deal is expected to close in the second quarter of 2017.
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