# Bel Fuse to acquire CUI Global's power business for $32M

CUI Global and Bel Fuse entered into an asset purchase agreement under which Bel Fuse will acquire the majority of CUI Global's Power business for $32 million, plus assumption of certain liabilities.

- Type: Acquisition
- Announced: 2019-11-11
- Where: United States
- Value: $32.0M
- Status: announced
- Products: power products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [CUI Global Inc](https://endata.com/companies/16935.md) (target)
- [Bel Fuse](https://endata.com/companies/43199.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1108967/000143774919022924/ex_164722.htm), 2019-11-11: "CUI Global, Inc. and Bel Fuse Inc. today announced that the two companies have entered into an asset purchase agreement under which CUI Global will sell the majority of its Power business to Bel for $32.0 million."
- [streetinsider.com](https://www.streetinsider.com/Corporate+News/CUI+Global+%28CUI%29+Reports+Agreement+to+Sell+Power+Business+To+Bel+Fuse+%28BELFA%29/16115511.html), 2019-11-11: "This transaction unlocks the substantial value in our P&EM segment and is an important step in our transformation into a diversified energy services platform that is grounded in our existing product portfolio and gas infrastructure capabilities."
- [streetinsider.com](https://www.streetinsider.com/Corporate+News/CUI+Global+%28CUI%29+Reports+Agreement+to+Sell++Power+Business+To+Bel+Fuse+%28BELFA%29/16115511.html), 2019-11-11: "This transaction unlocks the substantial value in our P&EM segment and is an important step in our transformation into a diversified energy services platform that is grounded in our existing product portfolio and gas infrastructure capabilities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.