Former CEO of BEA Sensors Amercias, a Halma Operating Company
Steve spent 10 years at BEA, the world's leading sensor manufacturer for automatic doors, a Halma operating company. Halma purchased BEA in 2002 and it remains the second largest operating company with an estimated 100m EUR sales per year. Steve had full responsibility of BEA's P&L in the US market and he reported to the BEA Group CEO in Belgium who reported to the Sector CEO.Read moreView Profile Page
In Practise Notes
- BEA Sensors is a near-monopoly in automatic door sensors with IP that is hard to replicate
- How BEA focused on improving organic growth and $$ per door
- Acquisition economics
- It's interesting that because BEA is the second largest opco, HLMA treated the company slightly differently. There were less synergies to integrate with other companies and so it remained more standalone than others post-2015 reorg. This highlights the complexity of a platform-type acquisition model.
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