Belden, St. Louis, has agreed to buy LTK Wiring Co. Ltd., Hong Kong, for $195 million. LTK Wiring is a subsidiary of LTK Industries Ltd., one of the largest manufacturers of electronic cable for the China market, with 2006 revenues of about $220 million.
Belden also recently agreed to buy Hirschmann Automation and Control GmbH (HAC) for approximately $260 million. HAC is a supplier of industrial ethernet solutions and industrial connectivity.
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.