Bel Fuse, a supplier of products that power, protect and connect electronic circuits, has acquired power supply manufacturer EOS of Mumbai, India. The deal closed March 31 for $7 million cash from funds on hand. EOS operates a 56,000 square foot facility in Mumbai and has about 400 employees, making its own line of power supply products as well as custom assemblies including magnetic assemblies. It will become part of Bel’s Power Solutions & Protection group.
“We look forward to adding EOS’ complementary products to our suite of offerings that we can provide for our customers. In addition to the new products and customers we will gain, we’re also excited to add another facility that allows for the potential of additional supply chain efficiencies for Bel,” commented Dan Bernstein, Bel CEO. “EOS is another example of our ability to move quickly on strategic acquisitions supported with ample availability of both cash and credit lines.”
The latest deal follows Bel’s acquisition last year of the power components business of CUI Global in Tualatin, Oregon for $32 million. For details, see www.MagneticsMag.com.
Established in 1991 and known for its EOS brand of power supplies and power solution products, EOS Power India Pvt. Ltd., has become the largest manufacturer and exporter of branded power supplies in India. It serves over 3,000 OEMs globally, many in medical and industrial markets as well as electronics and lighting. It specializes in low to medium power AC/DC power products.
Among Bel’s product groups are its Magnetic Solutions segment which makes integrated connector modules, power transformers, power inductors and discrete components. Headquartered in Jersey City, New Jersey, Bel operates numerous business units and facilities globally. See www.belfuse.com.
