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 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.