Home / M&A Activity / Belden Completes Tripwire Acquisition; John Stroup Comments

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.

Check Also

F5 to Buy Shape Security for $1B; Francois Locoh-Donou Quoted

F5 Networks (Nasdaq: FFIV) has agreed to acquire Santa Clara, Calif.-based Shape Security for approximately $1B in cash as both companies aim to help government and enterprise customers secure digital experience with integrated offerings.

Paratek Secures $169M Anthrax Antibiotic Development Contract Under HHS Project BioShield

The Department of Health and Human Services has awarded Paratek Pharmaceuticals a potential a five-year, $169M contract to further develop an antibiotic drug as a potential treatment for inhalation anthrax.