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Belden Inc. announced a definitive agreement to divest its Tripwire cybersecurity business for $350 million in cash. The transaction is expected to close in the first quarter 2022. Under the terms of the agreement, Belden 
will act as an exclusive reseller of Tripwire’s industrial cybersecurity solutions.
Tripwire’s full year 2021 revenues were $107 million with an EPS contribution of $0.03 excluding asset impairments and amortization of intangibles. Belden had year-end 2021 net leverage of 2.1x, or 1.2x pro forma for this transaction, providing significant financial flexibility.
This transaction will enable Belden and Tripwire to more effectively execute their strategic growth plans. Belden will be maintaining a preferred commercial relationship with Tripwire that will allow it to continue providing integrated cybersecurity solutions to its customers in industrial end markets.