Component maker Belden snapped up enterprise WLAN gear maker Trapeze Networks for $133 million in cash. Belden says the deal will help it increase its position in the signal transmission market and enable it to address its customers growing need for mobility.
Trapeze Networks, based in Pleasanton, Calif., was one of many startups that pioneered the concept of the wireless LAN switch, which links the access point to a central control and allows the clients to roam seamlessly. This deal has been rumored for several weeks.
- Read this press release
- See this NetworkWorld article