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Belden (electronics company)

Topic: Company

 From HandWiki - Reading time: 4 min
Short description: U.S. technology company
Belden Incorporated
TypePublic
NYSE: BDC
S&P 400 Component
IndustryElectronics
Founded1902
FounderJoseph Belden
Headquarters
St. Louis, Missouri
,
United States
ProductsCoaxial, power, and signal cables, Connectors
Revenue$2.3 billion 2014[1]
$74.5 million (2014)
Total assets$3.3 billion (2014)
Total equity$807.2 million (2014)
Number of employees
8,100 (2014)
Websitewww.belden.com

Belden Incorporated is an American manufacturer of networking, connectivity, and cable products. The company designs, manufactures, and markets signal transmission products for demanding applications. These products serve the industrial automation, enterprise, security, transportation, infrastructure, and residential markets. Belden is one of the largest U.S.-based manufacturers of high-speed electronic cables primarily used in industrial, enterprise, and broadcast markets.

Structure

Belden is headquartered in St. Louis, Missouri. Its president and CEO is Roel Vestjens.

Belden operates in three regions:

PPC Belden

PPC, a division of Belden, holds a number of patents for connector technology and has pioneered advancements for various industries.[2] PPC Belden's innovations include the Universal Compression Connector,[3] the wireless compression connector for the wireless industry[4] and a locking HDMI connector.[5] It was purchased by Belden in 2012.[6] PPC Belden has its headquarters in East Syracuse, New York.[7]

History

Belden was founded in Chicago in 1902.[8] It was acquired by Crouse-Hinds Company in 1980; Crouse-Hinds was acquired by Cooper Industries in 1981 and spun off Belden as an independent company in 1993. In 2004 the company merged with Cable Design Technologies forming Belden CDT Inc. (now Belden Inc.) and since then the company has been headquartered in St. Louis. In 2005 John Stroup became CEO.

Acquisitions

Belden expanded in the 21st century through a number of corporate acquisitions:

In early 2007, Belden purchased Hirschmann Automation and Control, an industrial marketing company focused on industrial automation and networking systems, for $260 million.[9]

In the summer of 2007, Belden acquired Lumberg Automation, which manufactures connectors used in industrial automation, for an undisclosed price.[10]

In June 2008, Belden purchased wireless LAN vendor Trapeze for $113 million.[11]

In December 2009, Belden purchased Telecast Fiber Systems, a manufacturer of fiber-optic systems for television broadcast production, for an undisclosed price.[12]

In late 2010, Belden acquired GarrettCom, an industrial networking products manufacturer, for $52 million.[13]

In late 2010, Belden purchased Thomas & Betts Corporation, a coax connectivity and communications products company, $78 million.[14]

In November 2010, Belden purchased the communications products business of broadcast connector manufacturer Thomas & Betts of Memphis, Tennessee for $78 million.

In December 2010, Belden divested its wireless business to Juniper Networks.[15]

In April 2011, Belden expanded its presence in South America with the acquisition of Poliron, a Brazilian cable company for $30 million.[16]

In September 2011, Belden acquired SCADA, a security solutions[buzzword] provider, and Byres Security, makers of the Tofino brand industrial security solutions[buzzword], for $7 million.[17]

In June 2012, Belden acquired Miranda Technologies, a global provider of hardware and software solutions[buzzword] for the broadcast television, cable, satellite and IPTV industries, for $377 million.[18]

PPC logo

In December 2012, Belden purchased PPC, a developer and manufacturer of connectivity solutions[buzzword] for the broadband service provider market, for $515.7 million.[6]

In early 2014, Belden acquired Grass Valley, a manufacturer of end-to-end broadcast solutions[buzzword], for $220 million.[19]

In December 2014, Belden said it would buy Tripwire for $710 million. The deal, which closed in the first quarter of 2015 ,[20] allowed the companies to deliver cybersecurity solutions[buzzword] across industrial and broadcast markets.[21][22]

In early 2021, Belden acquired OTN Systems, a Belgium based manufacturer of critical telecommunication equipment, for $71 million.[23]

References

  1. ↑ Belden 2014 Financials
  2. ↑ United States Patent & Trademark Office
  3. ↑ Universal Compression Connector Product Specifications
  4. ↑ PPC Wireless Industry Products
  5. ↑ PPC Locking HDMI Cable
  6. ↑ 6.0 6.1 Belden buys privately held PPC for $515.7 million. (2012, December 11) https://www.reuters.com/article/us-belden-acquisition-idUSBRE8BA0I320121211 [1]
  7. ↑ "Relentless Consumer Appetite for Capacity, Speed, and Quality". PPC Belden. http://www.ppc-online.com/the-ppc-broadband-story. Retrieved February 22, 2018. 
  8. ↑ "Company Overview of Belden Inc.". Bloomberg. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=200199. Retrieved February 22, 2018. 
  9. ↑ Belden to Acquire Hirschmann. (2007, March 13) http://www.automationworld.com/networking-amp-connectivity/belden-acquire-hirschmann
  10. ↑ Belden Acquires Lumberg Assets. (2007, May 15) http://www.radioworld.com/article/belden-acquires-lumberg-assets/17695
  11. ↑ "Network World" article
  12. ↑ Belden Acquires Telecast Fiber Systems. (2009, December 23). http://www.cablinginstall.com/articles/2009/12/belden-acquires-telecast.html
  13. ↑ Belden to buy GarrettCom for $52M. (2010, November 23) http://www.bizjournals.com/stlouis/news/2010/11/23/belden-to-buy-garrettcom.html?page=all
  14. ↑ Belden to acquire Thomas & Betts unit for $78M. (2010, November 11) "Archived copy". http://www.businessweek.com/ap/financialnews/D9JE8AHG0.htm. 
  15. ↑ "Information Week" article
  16. ↑ Belden acquires Poliron for $30M. (2011, April 4) http://www.bizjournals.com/stlouis/news/2011/04/04/belden-acquires-poliron-for-30m.html
  17. ↑ Belden/Hirschmann Buys Byres Security/Tofino. (2011, September 1) http://www.digitalbond.com/blog/2011/09/01/beldenhirschmann-buys-byres-securitytofino/
  18. ↑ Belden to buy Canada's Miranda Tech for $377 million. (2012, June 5) https://www.reuters.com/article/us-mirandatechnologies-offer-idUSBRE8540JO20120605 [2]
  19. ↑ Belden To Acquire Grass Valley. (2014, February 6) http://www.multichannel.com/news/finance/belden-acquire-grass-valley/271107
  20. ↑ "Belden completes $710 million Tripwire acquisition". St. Louis Post-Dispatch. 2015-01-05. https://www.stltoday.com/business/local/belden-completes-million-tripwire-acquisition/article_c6a4c430-e1a9-557e-99de-27c106e45e38.html. 
  21. ↑ "Belden to buy cybersecurity firm Tripwire for $710 million". Reuters. 2014-12-10. https://www.reuters.com/article/us-belden-acquisition/belden-to-buy-cybersecurity-firm-tripwire-for-710-million-idUSKBN0JO09420141210. 
  22. ↑ "Belden buys Tripwire for $710m: Will keep network burglars out of Internet of Things". The Register. 2014-12-10. https://www.theregister.co.uk/2014/12/10/belden_buys_tripwire/. 
  23. ↑ "Listed Belden Inc. Acquires OTN Systems, provider of telecommunication solutions for industrial markets · OTN Systems". https://www.otnsystems.com/news/listed-belden-inc-acquires-otn-systems-provider-of-telecommunication-solutions-for-industrial-mark. 

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