Belden, the parent company of Grass Valley and Miranda, has acquired KVM switching specialist Thinklogical in a deal worth $160 million (£124m).
Connecticut-based Thinklogical develops and manufactures high-performance, fibre-optic video transport and switching equipment for military and broadcast use. It also makes camera extenders and secure console servers.
Last year it generated $12 million in income on $51 million in revenues.
Belden said that the deal, would “significantly” enhance its Broadcast Solutions platform “with one-of-a-kind, mission-critical solutions.”
The deal will be completed in cash. Private equity investment firm Riverside Partners previously owned Thinklogical.
John Stroup, chief executive and chairman of Belden, said: “The business is uniquely well-positioned for success, given its numerous market growth drivers, industry-leading proprietary products, and difficult-to-obtain intelligence and defence accreditations. This is a very compelling opportunity for Belden that provides additional opportunities for profitable growth in our Broadcast Solutions platform.”
Thinklogical customers include The Mill, Films at 59 and ESPN.