Belden Inc., the Clayton-based maker of networking, connectivity and cable products, has agreed to acquire Connecticut company called Thinklogical, which provides large scale video and data distribution systems, for $160 million.
The deal will add $51 million in annual revenue to Belden, which reported year-end 2016 revenue of $2.36 billion.
Boston-based private equity firm Riverside Partners is the seller. The deal will be financed with cash on hand and is expected to close in the second quarter 2017.
“The business is uniquely well-positioned for success, given its numerous market growth drivers, industry-leading proprietary products, and difficult-to-obtain intelligence & defense accreditations,” Belden President, CEO and Chairman John Stroup said of the acquisition. “This is a very compelling opportunity for Belden that provides additional opportunities for profitable growth in our Broadcast Solutions platform.”
Read more: St. Louis Business Journal