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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