Bel Fuse to acquire majority stake in Enercon Technologies for $400M

Bel Fuse Inc. announced a definitive agreement to acquire an 80% stake in Enercon Technologies from Fortissimo Capital for $320 million in cash, based on an enterprise value of $400 million. The acquisition expands Bel's presence in aerospace and defense markets.

“The acquisition of Enercon will extend Bel’s Power segment into the aerospace and defense end markets, deepening our partnership with customers who support critical applications.”ir.belfuse.com

• 1 source
• ir.belfuse.comBel Announces Agreement to Acquire Enercon Technologies | Bel Fuse Inc.Sep 18, 2024

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