Bel Fuse Inc. (NASDAQ: BELFA and NASDAQ: BELFB), Jersey City, NJ, has agreed to acquire the network power connectivity solutions business of Emerson Inc. (NYSE: EMR) in a $98 million cash transaction. The acquisition is expected to close in the second quarter of 2014.
Emerson's connectivity solutions business is headquartered in Bannockburn, IL, with manufacturing facilities in North America, the U.K. and China. The connectivity solutions business provides high-performance RF/microwave and harsh environment optical connectors and assemblies for military, aerospace, wireless communications, data communications, broadcast and industrial applications.
"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 of Bel. "The ECS group also significantly expands our copper-based product offering with the addition of RF/microwave connectors and assemblies.”