Today is an exciting day for us at Grass Valley. Belden Inc. announced its intent to bring Grass Valley on board and combine it with Miranda, a leading provider of hardware and software solutions for the television broadcast, cable, satellite, and IPTV industry. Grass Valley will remain the name of the combined businesses.
For over 50 years, Grass Valley has built its reputation as an innovative leader in the broadcast industry. Our commitment to our partners—global broadcasters, teleproduction facilities, service providers, and independent video professionals—will not change. We will still tackle customers' challenges, but with a larger end-to-end product portfolio and more global support.
If you have questions, please reach out to Belden's Investor Relations & Communications team at 314-854-8011 or firstname.lastname@example.org. All trade media inquiries should be directed to Kara Martin-Beijer in Hillsboro, Oregon: email@example.com
What is happening?
Belden Inc. announced its intent to purchase Grass Valley to combine it with Miranda to give customers access to a complete end-to-end solution. Belden will continue to promote the Grass Valley brand under the leadership of Miranda President Marco Lopez.
Who is Belden?
Belden is a leading provider of signal transmission solutions to customers across a variety of attractive end markets including Broadcast, Industrial, and Enterprise. The company has undergone a significant transformation in recent years, evolving from a provider of quality cable products, to a best-in-class firm offering innovative, complete end-to-end solutions including connectivity and networking technologies.
Why did Belden want to acquire Grass Valley?
Miranda, a Belden brand, and Grass Valley are world-class companies that provide the broadcast industry with technically-advanced products of the highest quality and standards. By combining intellectual property, engineering talent, market access and manufacturing capacity, customers will have access to the most complete, innovative product offering available.
Belden believes that the ability to purchase an end-to-end solution from the combined businesses will reduce complexity and increase functionality, ease-of-setup, and maintenance and operability. In addition, you will have access to the most comprehensive, innovative products in the broadcast infrastructure industry through one organization.
What will change?
You can still expect the same world class service from Grass Valley. The combined businesses of Grass Valley and Miranda will expand the product portfolio tremendously to create end-to-end solutions for our customers.