Belden To Buy Tripwire For $710 Mln Cash

(RTTNews) - Belden Inc. (BDC) said Tuesday that it has agreed to buy Tripwire, a provider of advanced threat, security and compliance solutions, for $710 million in cash.

Tripwire is a Thoma Bravo, LLC company.

The deal, which is expected to close in the first quarter of 2015, is instantly accretive with an expected impact to adjusted earnings from continuing operations per share of $0.65 in 2015.

"As a leading supplier of signal transmission solutions for mission-critical networking applications, this acquisition is an important and natural extension of Belden's capabilities," said John Stroup, President and CEO of Belden.

In September, Belden and Tripwire announced a joint initiative to improve critical infrastructure cybersecurity in manufacturing organizations. The partnership provided comprehensive cybersecurity solutions tailored to specific customer requirements.