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Electronic Equipment & Products M&A image Electronic Equipment & Products M&A » By The Online Investor Staff, updated Fri., Apr. 19, 7:59 AM Recent mergers and acquisitions in the Electronic Equipment & Products M&A category.

Slide #6. Bel Fuse Inc. Power-One Power Solutions business of ABB Ltd.

Acquirer: Bel Fuse Inc. (BELFA)
Acquiree: Power-One Power Solutions business of ABB Ltd. (ABB)
Details: Bel Fuse Inc. (NASDAQ:BELFAandNASDAQ,BELFB) announced today that it has entered into a definitive agreement to acquire the Power-One Power Solutions business of ABB Ltd. (NYSE:ABB). Bel will pay approximately $117 million in cash to acquire the Power Solutions business, which had 2013 revenue of approximately $251 million. The acquisition, which is subject to regulatory approvals and other customary closing conditions, is expected to close in the second quarter of 2014 and to be immediately accretive to Bel's earnings.

Bel Fuse designs, manufactures and markets an array of products that power, protect and connect electronic circuits. Co. provides an array of product offerings, which are grouped as follows: Power Solutions and Protection, Connectivity Solutions and Magnetic Solutions. In its Power Solutions and Protection group, Co. provides AC/DC and DC/DC power conversion devices and circuit protection products. In its Connectivity Solutions product group, Co. provides connectors and cable assemblies to the aerospace, military/defense, commercial, rugged harsh environment and communication markets. In its Magnetic Solutions group, Co. provides a line of integrated connector modules.

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Bel Fuse designs, manufactures and markets an array of products that power, protect and connect electronic circuits. Co. provides an array of product offerings, which are grouped as follows: Power Solutions and Protection, Connectivity Solutions and Magnetic Solutions. In its Power Solutions and Protection group, Co. provides AC/DC and DC/DC power conversion devices and circuit protection products. In its Connectivity Solutions product group, Co. provides connectors and cable assemblies to the aerospace, military/defense, commercial, rugged harsh environment and communication markets. In its Magnetic Solutions group, Co. provides a line of integrated connector modules.

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Company Name:  Bel Fuse Inc
Website:  www.belfuse.com
Sector:  Electronic Equipment & Products
Number of ETFs Holding BELFA:  2
Total Market Value Held by ETFs:  $342352
Total Market Capitalization:  $80.00M
% of Market Cap. Held by ETFs:  0.43%
Company Name:  ABB Ltd
Website:  www.abb.com
Sector:  Electronic Equipment & Products
 

April 19, 2024    7:59 AM Eastern
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