Bel Fuse closes $400M acquisition of Enercon Technologies

Bel Fuse Inc. closed its previously announced majority stake acquisition of Enercon Technologies Ltd. from Fortissimo Capital, acquiring an 80% stake for $320 million (subject to adjustments) based on an enterprise value of $400 million, with intent to purchase the remaining 20% by early 2027.

“Bel has acquired an 80% stake upfront for $320 million (subject to customary adjustments), plus up to $10 million of potential earnout payments for the 2025-2026 period.”nasdaq.com

• 1 source
• nasdaq.comBel Closes Its Previously Announced Acquisition of Enercon Technologies | NasdaqNov 14, 2024

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