Hirschmann acquired by Belden
20 March 2008
Belden has completed its acquisition of Hirschmann Automation and Control (HAC).
Signal transmission specialist Belden paid approximately $260 million for HAC, which offers electronic control and safety systems for load indication and load moment limitation on cranes under the Hirschmann and PAT brand. HAC's revenue in 2006 was about $250 million.
John Stroup, Belden president and CEO, said, “By combining HAC's capabilities with Belden's expertise in signal transmission, we can deliver networking solutions for the most demanding industrial environments and large-scale infrastructure projects worldwide. This acquisition positions Belden uniquely to serve customers who desire to integrate their industrial networks with their enterprise networks.”
Headquartered in Neckartenzlingen, Germany, HAC has two factories there and three manufacturing joint ventures in China.