BELIMO HOLDING AG EQS-Adhoc: Belimo Holding AG: Belimo Expands Sensor Offering by Acquiring Opera Electronics Inc., a Special-ist in Air Quality and Gas Sensors
Transparency directive : regulatory news
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EQS Group-Ad-hoc: Belimo Holding AG / Key word(s): Takeover Hinwil (Switzerland), December 2, 2020, 07:00 a.m. CET Press Release of the Belimo Group Belimo Expands Sensor Offering by Acquiring Opera Electronics Inc., a Specialist in Air Quality and Gas Sensors Belimo completes a bolt-on acquisition of Opera Electronics Inc., a Montreal-based (Canada) specialist for air quality and gas sensors. Belimo successfully entered the sensors market in 2017 by launching a first product offering of innovative pipe and duct sensors for HVAC (Heating, Ventilation, and Air-Conditioning) applications. In 2018, the range was expanded with ultra-sonic flow sensors, in 2019 and 2020 with room sensors that measure indoor air quality. Belimo had been planning an offering of specialty air quality and gas sensors as part of its growth strategy. By acquiring Opera Electronics Inc., Belimo was able to implement this product range expansion. Opera Electronics Inc. develops and manufactures a solid range of air quality and gas sensors for buildings. Core applications of Opera Electronics Inc. are vehicle emissions monitoring in car parks, refrigeration gas leak detection and combustible gas monitoring in HVAC plant rooms. The acquired business generates annual sales in the low single-digit million Canadian Dollar range. While Opera Electronics Inc. has been mainly focused on the Canadian market, the acquisition allows Belimo to leverage its global marketing, sales, and logistics network. Consequently, Belimo customers can benefit from an even wider range of field-devices. Belimo welcomes all Opera employees and looks forward to further developing the Montreal location as a competence center for air quality and gas sensors under the new name of Belimo Sensors Inc.
End of ad hoc announcement |
| Language: | English |
| Company: | Belimo Holding AG |
| Brunnenbachstrasse 1 | |
| 8340 Hinwil | |
| Switzerland | |
| Phone: | +41 43 843 63 80 |
| Fax: | +41 43 843 62 41 |
| E-mail: | ir@belimo.ch |
| Internet: | www.belimo.com |
| ISIN: | CH0001503199 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1152038 |
| End of Announcement | EQS Group News Service |
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1152038 02-Dec-2020 CET/CEST