en.Wedoany.com Reported - Belden confirmed this week that it is acquiring Ruckus Networks for approximately $1.85 billion, following reports in January that Extreme Networks had planned to buy the company for around $1 billion. The deal gives Belden access to intelligent network solutions, as it aims to become an end-to-end provider of IT and operational technology networking.

Belden CEO Ashish Chand stated: "Ruckus provides proven Wi-Fi and enterprise-class switching technology that our customers in the hospitality, education, and healthcare sectors urgently need, enabling us to deliver more complete end-to-end network solutions." He added that these capabilities also create opportunities to offer high-performance wireless and switching technology to industrial customers seeking to converge IT and OT environments.

Ruckus Networks was founded in 2002 and has changed hands multiple times since: acquired by Brocade in 2016, then became part of Broadcom along with Brocade; Arris purchased it from Broadcom for $800 million in 2019, and CommScope acquired Arris that same year; after CommScope divested the business and renamed it Vistance, Ruckus is now being sold to Belden. Ruckus provides network solutions and cloud management platforms for high-density, mission-critical environments.

Belden stated that Ruckus will complement its portfolio with Wi-Fi and enterprise-class switching products it does not currently offer, helping to expand its addressable market. Belden has engaged J.P. Morgan to provide debt financing, and the transaction is expected to close in the second half of this year.

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