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Bel Closes Its Previously Announced Acquisition of Enercon Technologies

GlobeNewswire LogoGlobeNewswire1w ago

Bel Closes Its Previously Announced Acquisition of Enercon Technologies - GlobeNewswire

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About Bel Bel ( ) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation and eMobility industries. Bel's portfolio of products also finds application in the automotive, medical, broadcasting and consumer electronics markets. Bel's product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.

Acquired 80% Stake Upfront with Intent to Purchase Remaining 20% by Early 2027WEST ORANGE, N.J., Nov.14, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc.("Bel,” or, "the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), announced today that it has closed the previously announced majority stake acquisition of Enercon Technologies, Ltd.("Enercon”) from Fortissimo Capital based on an enterprise value of $400 million.

This acquisition allows Bel to extend its product portfolio supporting the aerospace and defense markets to include power solutions, with clear potential cross selling opportunities in the future.

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Article Details

Author / Journalist: Bel Fuse Inc.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 12:30:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 369 words

Reading Time: 3 minutes read

Sentences: 11 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 23585013

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 29 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 13 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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