Smart Buildings

Beckhoff Predicts Recovery after Posting 33% Decline in 2024 Revenues

In this Research Note, we examine Beckhoff, a German family-owned industrial automation business, and its reaction to a sharp decline in 2024 revenues, announced on 31st March 2025. We also highlight a recent partnership and deployment in its building automation division. This article updates our previous coverage of the company in October 2024. Beckhoff Automation Profile Founded in 1980, Beckhoff Automation GmbH & Co. KG has 5,300 employees worldwide (March 2025), including 2,000 engineers. The corporate headquarters in Verl, Germany, is backed up by 23 sales offices in Germany. Beckhoff’s presence in the international market is supported by 40 subsidiaries worldwide and is represented in more than 75 countries by partners. The company invests €80 million in research and development, intent on further expanding its position as a global automation technology company. Beckhoff implements open automation systems based on PC Control technology. The product range covers Industrial PCs, I/O and Fieldbus Components, Drive Technology, and […]

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