Belden Inc. (NYSE:BDC) entered into a definitive agreement to acquire Precision Optical Transceivers, Inc. for approximately $290 million on April 30, 2024. The transaction is expected to be completed by the end of the second quarter of 2024 and is subject to certain regulatory approvals and other customary closing conditions. Precision Optical Technologies is expected to be accretive to Belden?s adjusted earnings per share in the first year post-closing, excluding acquisition-related costs.

Belden Inc. (NYSE:BDC) completed the acquisition of Precision Optical Transceivers, Inc. on July 1, 2024. Closing of the Precision Optical Technologies acquisition has no impact on previously issued second quarter 2024 guidance.