Monday, December 31, 2012
Belden completes sale of consumer electronics assets in China
USA: Belden Inc., a global leader in signal transmission solutions for mission-critical applications, completed the sale of its consumer electronics assets in China to Shenzhen Woer Heat-Shrinkable Material Co. Ltd for consideration of approximately $43.3 million.
This announcement has no impact on the 2013 guidance provided at the company’s Investor and Analyst Day event on December 11, 2012, which contemplated the closure of this transaction.
St. Louis-based Belden Inc. designs, manufactures, and markets cable, connectivity, and networking products in markets including industrial automation, enterprise, transportation and infrastructure. It provides value for industrial automation, enterprise, education, healthcare, entertainment and broadcast, sound and security, transportation, infrastructure and other industries.
Belden has manufacturing capabilities in North America, South America, Europe and Asia, and a market presence in nearly every region of the world.