Belden has agreed to acquire Grass Valley in a deal worth $220m.
The networking equipment manufacturer said it intends to combine Grass Valley with Miranda, which it already owns.
The Grass Valley brand will be retained as the name of the combined businesses, which will be led by Miranda president Marco Lopez.
Grass Valley said that by merging the intellectual property, engineering staff, market access and manufacturing capacity, customers of the companies would have access to “the most complete, innovative product offering available”.
Grass Valley’s main product lines cover production switchers, cameras, servers and editing software.
Miranda’s suite of products includes routing and infrastructure equipment, playout systems, multiviewers and monitoring tools.
“We are extremely excited to have Grass Valley join the Belden family,” said Belden president and chief executive John Stroup.
“By combining Grass Valley and Miranda, we will create the broadcast industry’s largest and most complete portfolio.”
Private equity firm Francisco Partners purchased Grass Valley from Technicolor in 2011.
The transaction, which is subject to regulatory approval, is expected to close by the end of March.