JPMorgan Chase & Co. is arranging a $1.85 billion [1] debt financing package to fund Belden Inc.'s acquisition of Ruckus Networks.
The deal allows Belden to integrate high-end Wi-Fi and enterprise switching solutions into its existing infrastructure. This expansion targets a broader solutions strategy by combining active networking products with the company's traditional passive networking and industrial gear.
Belden President, CEO and Director Ashish Chand announced the agreement on Wednesday. He said the move represents an important step in the company's solutions journey, and described Ruckus Networks as a market-leading provider of enterprise switching and Wi-Fi solutions.
To close the acquisition, JPMorgan plans to sell the $1.85 billion [1] debt package in the coming weeks. This financing covers the full acquisition price for Ruckus Networks, which is valued at $1.85 billion [2].
The acquisition comes as Belden manages its current financial outlook. The company has forecast its second-quarter revenue to be between $735 million and $750 million [3].
By adding Ruckus to its roster, Belden gains specific capabilities in enterprise-grade wireless connectivity. The company already maintains a portfolio of OT wireless, industrial switching gear, and passive networking infrastructure. The integration of Ruckus products is intended to fill gaps in that existing offering—creating a more comprehensive suite of networking tools for corporate and industrial clients.
“JPMorgan is preparing to sell a $1.85 billion debt package that will fund Belden’s purchase of Ruckus Networks.”
This acquisition signals Belden's transition from a primary provider of physical cabling and passive hardware toward a full-stack networking company. By leveraging a multi-billion dollar debt issuance via JPMorgan, Belden is aggressively scaling its active technology footprint to compete more effectively in the enterprise wireless market.
