Reported Earlier, Bel Fuse To Acquire 80% Stake In Enercon Technologies For $320M, Expanding Aerospace And Defense Portfolio
Portfolio Pulse from Benzinga Newsdesk
Bel Fuse is acquiring an 80% stake in Enercon Technologies for $320 million, significantly increasing its aerospace and defense market exposure. The acquisition is expected to enhance Bel's earnings and margins, with a positive impact on its financial leverage.
September 19, 2024 | 6:59 am
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Bel Fuse's acquisition of Enercon Technologies will increase its aerospace and defense revenue exposure from 17.5% to 31%. The deal is expected to be accretive to both GAAP and non-GAAP EPS, with improved margins and financial leverage.
The acquisition significantly increases Bel Fuse's exposure to the lucrative aerospace and defense market, which is expected to enhance its revenue and earnings. The deal's accretive nature to EPS and improved margins suggest a positive short-term impact on BELFA's stock price.
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