# 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.

- Type: Acquisition
- Announced: 2017-01-26
- Value: $39.0M
- Status: announced
- Products: mobile machine control solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Belden](https://endata.com/companies/2476.md)
- [WIKA](https://endata.com/companies/403.md) (acquirer)

## Sources

- [investor.belden.com](https://investor.belden.com/news/news-details/2017/Belden-Agrees-to-Divest-its-Mobile-Machine-Control-Solutions-Business/default.aspx), 2017-01-26: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.