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  • Friday, April 19, 2024

Belden Completes Tripwire Acquisition; John Stroup Comments


John Stroup
John Stroup

Belden Inc. (NYSE: BDC) has wrapped up the acquisition of security and compliance services provider Tripwire for $710 million.

John Stroup, president and CEO of Belden, said Monday the signal transmission services firm will integrate Tripwire’s technology into Belden’s application to help enterprise, industrial and broadcast clients deploy and secure connected devices.

The Tripwire buy increases Belden’s adjusted income from continuing operations per diluted share from $4.70 – $5.00 to $5.35 – $5.65 in 2015, the company says.

Belden also raises its guided range for 2015 adjusted revenues from between $2.40 billion and $2.45 billion to between $2.565 billion and $2.615 billion.

Chertoff Capital served as Tripwire’s investment banking adviser in the transaction.

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