Computer accessories and smartphone cases maker Belkin announced their intentions of buying the home networking business unit of Cisco as well as router brand Linksys. Details of the acquisition are yet undisclosed and the deal is expected to close in March 2013.
Speaking about the acquisition, Chet Pipkin, CEO of Belkin said, “We’re very excited about this announcement. Our two organizations share many core beliefs – we have similar beginnings and share a passion for meeting the real needs of our customers through the strengths of an entrepreneurial culture. Belkin’s ultimate goal is to be the global leader in the connected home and wireless networking space and this acquisition is an important step to realizing that vision.”
Belkin and Cisco intend to work together on a variety of initiatives including retail distribution, strategic marketing and products for the service provider market. Belkin will also maintain the Linksys brand and will offer support for Linksys products as part of this transaction. All valid warranties will be honored by Belkin for current and future Linksys products.
Previously, Cisco had acquired Linksys in 2003 as it ventured into the consumer space, but it looks like that’s coming to an end.