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Bel Fuse acquires minority stake in innolectric AG · Endata

◂ Announcements

Feb 6, 2023ACQUISITIONGermany, Germany

Bel Fuse acquires minority stake in innolectric AG

Bel Fuse Inc. acquired a minority stake in Germany-based innolectric AG, a developer of on-board fast-charging technology for commercial EVs. Terms were not disclosed.

Status

Completed

ProductsEV on-board fast-charging technologypower electronics

CompaniesBel Fuse investor innolectric AG target

Sectors#Automotive Components #Semiconductors and Industrial Electronics

“Bel Fuse a leading supplier of products that power, protect and connect electronic circuits, announced that the Company has entered into an agreement and closed on a minority stake investment with Germany-based innolectric AG.”aithority.com

1 source
aithority.comBel Acquires a Stake in innolectric AG, Further Enhancing Its Position in the Rapidly Evolving EV On-board Charging Market for Commercial VehiclesAIT News DeskFeb 6, 2023

Summarized from public sources; check the original articles before acting on it.

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