Juniper To Buy Trapeze, Steps Up Fight Versus Cisco

The deal is worth $152 million.

FP Archives|Feb 02, 2017, 22:49:52 IST

Network equipment maker Juniper Networks Inc plans to buy Trapeze Networks, a wireless technology unit of Belden Inc, for about $152 million, stepping up its fight against bigger rival Cisco Systems Inc.

The all-cash deal is aimed at expanding Juniper's expertise in wireless networking and boosting its position among business clients, the companies said on Tuesday. They expect the deal to close in the fourth quarter.

Trapeze specialises in wireless local area network or WLAN, systems, which help users connect to the Internet from various wireless devices.

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