Siemens Goes for Growth in Plant-Floor Networking with Deal for RuggedCom

摘要

Siemens has an agreement with RuggedCom Inc., Concord, Ontario, to acquire all of the common shares of RuggedCom by way of a friendly, board-supported takeover bid. The Canadian company is a provider of communications and networking solutions for harsh industrial environments. The takeover bid at C$33.00 per common share in cash totals approximately C$382 million (about US$383 million). RuggedCom's board has given its unanimous support to the deal, after rejecting a lower offer from Belden in December. Siemens expects to complete the deal in the second half of March 2012.