Bel Fuse Inc. /
Enercon Technologies, Ltd.
Bel Fuse buys an 80% stake in Enercon Technologies
What happened
Bel Fuse Inc. completed its purchase of 80% of Enercon Technologies, Ltd. on Nov. 14, 2024. The transaction included a cash purchase price of $320 million, subject to customary adjustments, and up to $10 million in potential earnout payments.
Bel Fuse funded the closing with cash on hand and incremental borrowings under its revolving credit facility.
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Bel Fuse buys an 80% stake in Enercon Technologies
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