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Date: 29-07-14

Bel Fuse closed acquisition process of Emerson CS and ABB Power One

Bel Fuse has closed the acquisition of the Emerson Network Power Connectivity Solutions (CS) business from Emerson and Power‑One Solutions business from ABB.

Bel Fuse acquired the Emerson Network Power Connectivity Solutions business for approximately $98 million on a cash and debt‑free basis. The business had 2013 revenue of approximately $83 million and employs approximately 525 people.

Bel Fuse acquired ABB's Power Solutions business for approximately $117 million on a cash and debt‑free basis. The business had 2013 revenue of approximately $251 million and employs approximately 2,000 people with manufacturing facilities in Shenzhen, China and Dubnica nad Vahom, Solvakia.

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