# 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.

- Type: Acquisition
- Announced: 2023-02-06
- Where: Germany, Germany
- Status: completed
- Products: EV on-board fast-charging technology, power electronics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Bel Fuse](https://endata.com/companies/43199.md) (investor)
- [innolectric AG](https://endata.com/companies/68386.md) (target)

## Sources

- [aithority.com](https://aithority.com/technology/bel-acquires-a-stake-in-innolectric-ag-further-enhancing-its-position-in-the-rapidly-evolving-ev-on-board-charging-market-for-commercial-vehicles/), 2023-02-06: "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."

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