Belkin finalizes deal to acquire Linksys
updated 05:18 pm EDT, Fri March 15, 2013
Merged companies hold 30 percent of US home networking market
As expected, Belkin has finalized the deal to purchase Cisco's home networking business unit. Belkin is going to maintain the Linksys brand and all associated services, and will support Cisco's products -- including warranty support and repair. With the acquisition, Belkin now holds 30 percent of the entire US home and small business networking market.
Linksys customers and retailers will continue see new Linksys products come to market in the near future according to the company, starting with several announcements in the second quarter of 2013. By maintaining the Belkin and Linksys brands in home networking, Belkin addresses a broader range of consumers with distinct networking solutions.
Belkin is a privately-held company that was founded in 1983. The new Belkin, including the Linksys brand and Belkin brand portfolios, has 1,500 employees, and sells in more than 100 countries. As Belkin is privately held, the terms of the deal will not be disclosed.
