Cabling specialist Belden has offloaded its WLAN business, Trapeze Networks, which it acquired in 2008 for $133m (£83.8m) to Juniper Networks, after failing to make waves in the wireless market.
Juniper has paid $152m for the unit and plans to integrate its wireless technology, which includes 17 patents and 49 more pending, into its own enterprise networking portfolio.
The purchase price representing a $19m premium at constant currency rates on the original price that Belden paid.
The move brings Juniper into competition with wireless firms such as Aruba and Meru, but also enhances its competitiveness in the end-to-end networking space against its main rival, Cisco.
Belden had hoped to give Cisco a run for its money when it acquired Trapeze, but has made little impact on the market leader and clearly now has had a change of heart.
Nevertheless, CEO John Stroup insisted that the firm remained committed to the wireless market.
"This agreement enables our organisation to remain focused on the long-term growth opportunities for wireless technology in our core markets, including the nascent industrial networking market," he said.
Juniper executive vice president of fabric and switching, David Yen, said: "Our goal is to enable our customers to provide seamless, high-quality secure connectivity to key network services regardless of where, when or how they access their networks."
"By making WLAN infrastructure a key part of our portfolio, we plan to accelerate Juniper's growth in the enterprise market and deliver on a complete vision for the new network," he added.