Annual Report 2023

1 Group Structure and Shareholders

1.1 Group Structure

Belimo is organized according to its markets (EMEA, Americas, and Asia Pacific) and to its divisions (Innovation, Production, Logistics/Customization, Finance & Business Services). The Group Functions include Group Quality and Sustainability, Group Brand Management, and Group Strategy. The operational Group structure is shown in the organization chart below.

Organization Chart

BELIMO Holding AG, the holding company of the Belimo Group, is the only listed company included in the consolidation scope. The registered office of BELIMO Holding AG is in Hinwil (Switzerland). Belimo shares (ISIN CH1101098163) are listed on the Swiss stock exchange SIX Swiss Exchange.

As at December 31, 2023, the market capitalization is CHF 5'705 millions. With the exception of BELIMO Holding AG, no Group company held Belimo shares. The Belimo shares held by BELIMO Holding AG are shown in note Treasury Shares in the Financial Report 2023 of the BELIMO Holding AG.

All companies included in the consolidation scope of Belimo are presented in the overview of companies in the Consolidated Financial Statement.

1.2 Significant Shareholders

As at December 31, 2023, the following shareholders disclosed more than 3% of the share capital of BELIMO Holding AG:



Number of shares 1)


Ownership 1)


Voting rights 2)








BlackRock, Inc.







The Capital Group Companies, Inc.







1832 Asset Management L.P.







Group Linsi







1) Based on the latest disclosure available.

2) Maximum voting rights based on the Company‘s voting rights registration limits.

As at December 31, 2023, BELIMO Holding AG held 0.01% of the share capital.

For notification of disclosure of significant shareholdings (more than 3% of voting rights), please refer to the website of SIX Exchange Regulation (

1.3 Cross-Shareholdings

There are no cross-shareholdings with other companies.