Traded as SIX: BEAN Industry HVAC Website belimo.com Revenue 493.3 million CHF (2015) Number of employees 1,409 (31.12.2015) | ISIN CH0001503199 Area served Worldwide Headquarters Hinwil, Switzerland Founded 1975 Type Joint-stock company | |
 | ||
Key people Lars van der Haegen
(CEO)
Hans Peter Wehrli
(Chairman) Stock price BEAN (SWX) CHF 3,247.00 0.00 (0.00%)24 Feb, 5:31 PM GMT+1 - Disclaimer CEO Lars van der Haegen (Jul 2015–) | ||
BELIMO Holding AG, an international group of companies, is located in Hinwil, Switzerland. The company develops, produces and markets actuator solutions for controlling heating, ventilation and air conditioning systems. Actuators and control valves make up the company's core business, and it is considered a global leader in motor control for HVAC. Newer products have integrated sensors and control electronics using ASICs.
BELIMO Holding AG employs over 1,400 people and generated sales of 493 million Swiss francs in 2015. The company is listed on the Swiss stock exchange (BEAN), and has been since 1995.
History
The company was founded in 1975 as BELIMO Automation AG. “BELIMO” is an acronym of three German words: "beraten" (advise), "liefern" (deliver) and "montieren" (install). Belimo specialized in actuators, which were delivered in 1976 for the first time. The first sales company was opened in Germany in Stuttgart in 1977. In 1979, the company's headquarters was moved to Wetzikon, Switzerland.
In the mid-1980s, representatives in England, Finland, Norway, Austria, Denmark, France, Sweden and the Netherlands became independent distributors. The company expanded with the founding of BELIMO Aircontrols in the United States in 1989.
In the 1990s, various Belimo subsidiaries were founded: Spain in 1990; Austria, Great Britain and France in 1993 and 1994; Canada in 1995; and Hong Kong in 1997. In the meantime, BELIMO Automation AG became a public company in 1995. In 1998, the company's name was changed to BELIMO Holding AG.
International expansion continued into the 2000s, with the establishment of subsidiaries in Singapore, Poland, Australia and India.
In November 2002, the company moved into its new manufacturing and administration building in Hinwil, consolidating all sites in the Zurich Oberland region. At the same time, the headquarters was moved to Hinwil from Wetzikon.
In 2013, Belimo expanded its US site at Danbury, Connecticut, to better serve the American markets. It is used for manufacturing, logistics and administration.