Belden agrees to sell Mobile Machine Control Solutions business to WIKA Group for $39M

Belden Inc. has reached an agreement in principle to sell its Mobile Machine Control Solutions business, including a 50% interest in a Chinese joint venture, to WIKA Group for approximately $39 million. The transaction is expected to close in the second fiscal quarter of 2017.

“Belden Inc. today announced it has reached an agreement in principle to sell its Mobile Machine Control Solutions business, including a 50% interest in a Chinese joint venture.”investor.belden.com

• 1 source
• investor.belden.comBelden Inc. - Belden Agrees to Divest its Mobile Machine Control Solutions BusinessJan 26, 2017

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