Buy-side Advisor
Bel Fuse, Inc.
M&A Advisory
Acquired A Minority Stake In
Transaction Details
- On February 6, 2023, Bel Fuse, Inc. (“Bel”) announced that it has entered into an agreement and closed on a minority stake investment with Germany-based innolectric AG (“innolectric”)
- This passive investment will create a strategic alliance that is focused on Electric Vehicles (“EV”), on-board power electronics broadly and specifically on next generation fast charging technology
- As part of the investment, Bel will have usual minority protection rights and the option to further expand its 1/3 ownership stake upon the achievement of certain milestones
About the company
Bel Fuse, Inc.
Bel (NASDAQ: BELFA and BELFB) designs, manufactures and markets a broad array of products that include circuit protection, connectors, cable assemblies, discrete components, magnetics and power supplies. The Company serves a global market and operates facilities around the world
innolectric AG
Based in Bochum (Germany), innolectric was founded in 2016 through a closely held ownership group to be a platform-based business in the field of power electronics for eMobility and in particular the on-board fast-charging for commercial vehicles
Source: Press Release, LinkedIn
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