# 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.

- Type: Acquisition
- Announced: 2024-11-14
- Where: Netanya, Israel, Israel
- Value: $400.0M
- Status: completed
- Products: power conversion solutions, networking solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Fortissimo Capital](https://endata.com/companies/33860.md) (partner)
- [Bel Fuse](https://endata.com/companies/43199.md) (acquirer)
- [Enercon Technologies](https://endata.com/companies/79891.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/bel-closes-its-previously-announced-acquisition-enercon-technologies-2024-11-14), 2024-11-14: "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."

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