Bel Fuse is set to acquire the Emerson Network Power Connectivity Solutions (ECS) business of Emerson for nearly $98 million in cash.
Emerson’s ECS business had revenue of approximately $83 million in 2013.
This is Bel’s third major acquisition in the past 14 months. These acquisitions will increase its revenue from $283 million to approximately $705 million annually.
ECS, headquartered in Bannockburn, Illinois, has manufacturing facilities in North America, the U.K. and China, with a total of 525 employees.
ECS manufactures RF/Microwave and Harsh Environment Optical Connectors and Assemblies for military, aerospace, wireless communications, data communications, broadcast and industrial applications. The ECS brands include Stratos optical technologies, Johnson, Trompeter, Midwest Microwave, Semflex, Vitelec Electronics, AIM Electronics and Cambridge Products.
“The acquisition of ECS is a major step forward in our strategy to expand into the aerospace and military markets where long term product reliability resulting from highly engineered solutions is a key,” said Dan Bernstein, president, Bel Fuse.
Bernstein said the addition of the ECS Stratos brand with its Fibreco/Gigacom Interconnect products will give them an industry leading position in the Expanded Beam Fiber Optic market place. The ECS group expands its copper-based product offering with the addition of RF/Microwave connectors and assemblies.
Pix source: .canadianelectronics
InfotechLead News Team