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Bel Fuse Inc closes acquisition of Emerson Network Power Connectivity Solutions


Friday, 25 Jul 2014 10:11am EDT 

Bel Fuse Inc:Closes previously announced acquisition of the Emerson Network Power Connectivity Solutions (CS) business from Emerson.Bel acquired the Connectivity Solutions business for about $98 mln on a cash and debt-free basis.Acquisition is expected to be accretive to Bel's earnings beginning in the second half of 2014.Financing for this acquisition was provided by KeyBank N.A. Needham & Company, LLC served as exclusive financial advisor and DeCotiis, FitzPatrick & Cole, LLP acted as Bel's legal counsel in the transaction. 

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