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Siemens Goes for Growth in Plant-Floor Networking with Deal for RuggedCom

Siemens has an agreement with RuggedCom Inc., Concord, Ontario, to acquire all of the common shares of RuggedCom by way of a friendly, board-supported takeover bid. The Canadian company is a provider of communications and networking solutions for harsh industrial environments. The takeover bid at C$33.00 per common share in cash totals approximately C$382 million (about US$383 million). RuggedCom’s board has given its unanimous support to the deal, after rejecting a lower offer from Belden in

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