Belden bolsters broadcasting business with acquisition of Miranda Technologies
Belden Inc., St. Louis, plans to make an all-cash offer to acquire Miranda Technologies Inc., Montreal, a provider of hardware and software solutions for the broadcast infrastructure industry. Miranda provides solutions for TV broadcasters and content developers to create, manipulate, and distribute high-definition video. Its solutions span the full breadth of television operations, including production, playout and delivery.
John Stroup, president and CEO of Belden, said in a press release that the acquisition would help make Belden and Miranda a leader in the broadcast market for networking, connectivity and cable solutions. When the deal is completed, the percentage of Belden's revenue from networking and connectivity products will rise from 30% to 36%. Details
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Jim Lucy Blog
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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.