St. Louis, Missouri Belden (NYSE:BDC), a world leader in the development of signal transmission solutions, has completed purchase of the assets of Lumberg Automation Components from The Lumberg Group for an undisclosed cash price. Lumberg Automation is a leading supplier of industrial connectors, high performance cord-sets and field bus communication components for factory automation machinery. The company's 2006 revenues were approximately $75 million.
"Lumberg Automation is a well respected supplier of industrial connectors to leading equipment OEMs. The company provides both standard and customized solutions to meet the connectivity requirements of a wide range of industrial customers," said John Stroup, President and Chief Executive Officer of Belden. "Lumberg Automation will complement the industrial connectivity portfolio of Belden's recently acquired Hirschmann Automation and Control, as well as Belden's expertise in signal transmission. With Belden's expanding global reach and this strong portfolio, we expect to accelerate our revenue growth in the industrial market."
Lumberg Automation is headquartered in Schalksmuhle, Germany, employs approximately 300 associates and has production facilities in Germany and the United States.
Belden is a leader in the design, manufacture, and marketing of signal transmission products for data networking and a wide range of specialty electronics markets including entertainment, industrial, security and aerospace applications. To obtain additional information contact Investor Relations at 314-854-8054, or visit our website at http://www.belden.com.
About Lumberg Automation Components GmbH
Lumberg Automation Components GmbH supplies the industrial sector with automation technology featuring intelligent wiring components such as connector assemblies and distribution systems as well as fieldbus components. For more information, visit www.lumberg.com.