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$2.606 billion (2022)
$254.7 million (2022)
Total assets$3.162 billion (2022)
Total equity$1.144 billion (2022)
Number of employees
7,700 (2023)
Websitewww.belden.com

Belden is a global, publicly traded company specializing in the design, manufacture, and distribution of end-to-end networking, security and connectivity products and solutions.[1] The company serves the Industrial Automation Solutions, Smart Buildings and Broadband & 5G markets.

Structure

Belden is headquartered in St. Louis, Missouri. Its president and CEO is Dr. Ashish Chand.

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.

In April 2023, Belden dontated $100,000 to the Richmond Fire Department in Indiana. The goal was to improve and replace equipment for the firefighters and their safety.[9]

Acquisitions

In early 1997, Belden purchased Alpha Wire. Alpha Wire provides an extensive selection of cable, wire, heat-shrink tubing, accessories, and wire management services to customers worldwide in the Industrial Automation, Medical, Semiconductor, Aerospace & Defense, Consumer Electronics, and Energy markets.[10]

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.[11]

In the summer of 2007, Belden acquired Lumberg Automation, which manufactures connectors used in industrial automation, for an undisclosed price.[12]

In June 2008, Belden purchased wireless LAN vendor Trapeze for $113 million.[13]

In December 2009, Belden purchased Telecast Fiber Systems, a manufacturer of fiber-optic systems for television broadcast production, for an undisclosed price.[14]

In late 2010, Belden acquired GarrettCom, an industrial networking products manufacturer, for $52 million.[15]

In late 2010, Belden purchased Thomas & Betts Corporation, a coax connectivity and communications products company, $78 million.[16]

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.[17]

In April 2011, Belden expanded its presence in South America with the acquisition of Poliron, a Brazilian cable company for $30 million.[18]

In September 2011, Belden acquired SCADA, a security solutions provider, and Byres Security, makers of the Tofino brand industrial security solutions, for $7 million.[19]

In June 2012, Belden acquired Miranda Technologies, a global provider of hardware and software solutions for the broadcast television, cable, satellite and IPTV industries, for $377 million.[20]

PPC logo

In December 2012, Belden purchased PPC, a developer and manufacturer of connectivity solutions 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, for $220 million.[21]

In December 2014, Belden said it would buy Tripwire for $710 million. The deal, which closed in the first quarter of 2015 ,[22] allowed the companies to deliver cybersecurity solutions across industrial and broadcast markets.[23][24]

In early 2021, Belden acquired OTN Systems, a Belgium based manufacturer of critical telecommunication equipment, for $71 million.[25]

In August 2023, Belden acquired CloudRail, a company based in Mannheim, Germany, specialized in connectivity solutions for the Industrial Internet of Things.[26]

References

  1. ↑ "Belden Inc, BDC:NYQ summary - FT.com". markets.ft.com. Retrieved 2023-07-28.
  2. ↑ United States Patent & Trademark Office
  3. ↑ Universal Compression Connector Product Specifications Archived June 28, 2009, at the Wayback Machine
  4. ↑ PPC Wireless Industry Products Archived April 21, 2009, at the Wayback Machine
  5. ↑ PPC Locking HDMI Cable Archived June 22, 2009, at the Wayback Machine
  6. 1 2 "Belden buys privately held PPC for $515.7 million". Reuters. 2012-12-11. Retrieved 2023-11-06.
  7. ↑ "Relentless Consumer Appetite for Capacity, Speed, and Quality". PPC Belden. Retrieved February 22, 2018.
  8. ↑ "Company Overview of Belden Inc". Bloomberg. Retrieved February 22, 2018.
  9. ↑ "Richmond Fire Department receives $100,000 donation from Belden Inc". Palladium-Item. Retrieved 2023-07-28.
  10. ↑ "Our Brands". www.belden.com. Retrieved 2023-11-06.
  11. ↑ "Belden to Acquire Hirschmann". AutomationWorld. Archived from the original on 2015-09-23. Retrieved 2023-11-06.
  12. ↑ "Belden Acquires Lumberg Assets". Radio World. 2007-05-15. Archived from the original on 2015-04-15. Retrieved 2023-11-06.
  13. ↑ "Network World" article Archived December 29, 2010, at the Wayback Machine
  14. ↑ "Belden acquires Telecast Fiber Systems". Cabling Installation & Maintenance. 2009-12-23. Retrieved 2023-11-06.
  15. ↑ "Belden to buy GarrettCom for $52M". www.bizjournals.com. Retrieved 2023-11-06.
  16. ↑ Belden to acquire Thomas & Betts unit for $78M. (2010, November 11) "Belden to acquire Thomas & Betts unit for $78M - BusinessWeek". Archived from the original on 2015-04-15. Retrieved 2015-04-14.
  17. ↑ "Get the latest from Juniper | Juniper Networks US". www.juniper.net. Retrieved 2023-11-06.
  18. ↑ "Belden acquires Poliron for $30M". www.bizjournals.com. Retrieved 2023-11-06.
  19. ↑ Belden/Hirschmann Buys Byres Security/Tofino. (2011, September 1) http://www.digitalbond.com/blog/2011/09/01/beldenhirschmann-buys-byres-securitytofino/
  20. ↑ "Belden to buy Canada's Miranda Tech for C$377 million". Reuters. 2012-06-05. Retrieved 2023-11-06.
  21. ↑ Winslowpublished, George (2014-02-06). "Belden To Acquire Grass Valley". Multichannel News. Retrieved 2023-11-06.
  22. ↑ "Belden completes $710 million Tripwire acquisition". St. Louis Post-Dispatch. 2015-01-05.
  23. ↑ "Belden to buy cybersecurity firm Tripwire for $710 million". Reuters. 2014-12-10.
  24. ↑ "Belden buys Tripwire for $710m: Will keep network burglars out of Internet of Things". The Register. 2014-12-10.
  25. ↑ "Listed Belden Inc. Acquires OTN Systems, provider of telecommunication solutions for industrial markets · OTN Systems".
  26. ↑ "Belden Acquires CloudRail specialized in IIoT solutions".
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