February 10, 2014
By Josephine Tay
St Louis, MISSOURI – Belden has submitted a binding offer to purchase privately held Grass Valley for $220 million. The binding offer is subject to consultation with Grass Valley’s foreign labor works council, after which both parties will enter into a definitive agreement.
Grass Valley provides innovative technologies including production switchers, cameras, servers, and editing solutions within the mission critical applications of broadcast customers. When combined with Miranda, Belden believes the resulting end-to-end solution will be the most complete and compelling in the industry.
“We are extremely excited to have Grass Valley join the Belden family. By combining Grass Valley and Miranda, we will create the broadcast industry’s largest and most complete portfolio,” said John Stroup, President and CEO of Belden Inc..