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Technology M&A image Technology M&A » By The Online Investor Staff, updated Mon., Sep. 28, 7:48 AM Recent mergers and acquisitions in the Technology M&A category.

Slide #41. 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 products that power, protect and connect electronic circuits. These products are used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries as well as in the automotive, medical and consumer electronics markets. Co.'s North America, Asia and Europe segments sell, or participate in the sale of: Magnetic Solutions, which provides Integrated Connector Modules, power transformers, inductors and discrete components; Power Solutions and Protection, which includes power conversion and circuit protection products; and Connectivity Solutions, which provides connectors and integrated assemblies.

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Bel Fuse designs, manufactures and markets products that power, protect and connect electronic circuits. These products are used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries as well as in the automotive, medical and consumer electronics markets. Co.'s North America, Asia and Europe segments sell, or participate in the sale of: Magnetic Solutions, which provides Integrated Connector Modules, power transformers, inductors and discrete components; Power Solutions and Protection, which includes power conversion and circuit protection products; and Connectivity Solutions, which provides connectors and integrated assemblies.

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Company Name: 
Bel Fuse Inc
Website: 
www.belfuse.com
Sector: 
Electronic Equipment & Products
Number of ETFs Holding BELFA: 
3
Total Market Value Held by ETFs: 
$129727
Total Market Capitalization: 
$47.00M
% of Market Cap. Held by ETFs: 
0.28%
Company Name: 
ABB Ltd
Website: 
www.abb.com
Sector: 
Electronic Equipment & Products
Number of ETFs Holding ABB: 
6
Total Market Value Held by ETFs: 
$65.64M
Total Market Capitalization: 
$29.59B
% of Market Cap. Held by ETFs: 
0.22%
 

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