Andy Andrews Bel Fuse (NASDAQ:BELFA) (BELFB) to acquire a majority stake in Enercon Technologies from Fortissimo Capital based on an enterprise value of $400M. Bel will acquire an 80% stake upfront for $320M in cash plus up to $10M of potential earnout payments for the 2025-2026 period, with the intent to purchase the remaining 20% by early 2027 based on future EBITDA performance. The transaction Expands Bel’s (BELFA) exposure to the aerospace and defense end market from 17.5% to 31% of total revenue. It is expected to be accretive to Bel’s GAAP EPS within one-year post-close, and to Bel’s non-GAAP EPS from day 1. The company intends to finance the acquisition through a combination of cash on hand and an expansion of its existing credit facility.