AcquisitionsApr 30, 2026, 08:08 AM
BDC to Acquire RUCKUS Networks for ~$1.85B; Accretive to Adj EPS
AI Summary
Belden Inc. (BDC) announced a definitive agreement to acquire RUCKUS Networks from Vistance Networks for approximately $1.85 billion in cash. This acquisition is expected to establish Belden as a leading provider of complete, end-to-end IT/OT networking solutions, adding industry-leading Wi-Fi and enterprise switching capabilities. The transaction is anticipated to be immediately accretive to Adjusted EPS and expand Adjusted Gross Margin and Adjusted EBITDA Margin in the first full year post-close, with a clear path to reduce net leverage to approximately 1.5x by 2029. The closing is expected in the second half of 2026, subject to customary conditions and regulatory approvals.
Key Highlights
- Belden to acquire RUCKUS Networks from Vistance Networks for approximately $1.85 billion in cash.
- Transaction valued at approximately 13x projected 2026 Adjusted EBITDA.
- Expected to be immediately accretive to Adjusted EPS in the first full year post-close.
- Anticipates expanding Adjusted Gross Margin and Adjusted EBITDA Margin.
- Aims to reduce net leverage to below 3.0x within the first full year following close.
- Targets net leverage of approximately 1.5x by 2029.
- RUCKUS brings high-single-digit revenue growth, gross margins above 60%, and Adjusted EBITDA margins above 20%.
- Belden will temporarily pause share repurchases to prioritize debt paydown.