Belkin’s Acquisition Of Linksys Is Now CompleteBy: Chris Crum - March 15, 2013
In January, Cisco announced that Belkin would acquire its Home Networking Business Unit and its leading brand, Linksys. Today, Belkin announced that the Linksys acquisition is complete.
Belkin now possesses Linksys routers and other Smart Wi-Fi products. They will be managed as a separate brand and product portfolio.
Belkin CEO Chet Pipkin had this to say: “Linksys has a rich heritage, a passionate customer base and a wide product line, all of which fueled our decision to acquire the company and our plan to maintain the Linksys brand. The Linksys portfolio will continue to exist and evolve to include even richer user experiences and network management functionality. Smart Wi-Fi is an innovative and easy way for consumers to stay connected to their home network and we look to continue investing in it by adding more features and products.”
“A lot of exciting things are happening in today’s connected lifestyle segment, and we are honored to continue the Linksys brand and enable new connected experiences,” said Pipkin. “Linksys and Belkin are now one team. We are ready to do fantastic things as a team and deliver products that delight consumers and support the increasingly connected, mobile world.”
Customers can expect more Linksys-branded products coming out of the pipeline, and support for existing products will continue through the existing channels.
Terms of the deal were never disclosed.