Bel Fuse to Acquire dataMate for $16M, Adding $18M in Annual Sales
Bel Fuse purchased dataMate for $16 million, including $1m deferred, acquiring a business with $18 million in annual sales and margins in line with its average. The acquisition broadens Bel’s Ethernet and broadband offerings into networking, data centers and smart building markets and boosts US manufacturing and R&D capacity.
1. Acquisition Details
Bel Fuse has acquired dataMate, a provider of advanced ethernet and broadband technologies, from Methode Electronics for a total consideration of $16 million, including $1 million of deferred payment. DataMate reports approximately $18 million in annual sales and operates at margins aligned with Bel Fuse’s corporate average.
2. Strategic Expansion
The acquisition expands Bel Fuse’s Magnetic Solutions portfolio with complementary Ethernet and broadband products, extending its reach into networking, data centers, industrial automation and smart building markets. DataMate’s technology for delivering data and power over a single pair of wires supports more efficient and cost-effective network infrastructures.
3. Financial Impact and Funding
This transaction is expected to be immediately accretive to Bel Fuse’s revenue and operating income, enhancing its financial profile. The initial $15 million cash portion was funded through existing cash reserves and borrowings under the company’s revolving credit facility.
4. Operations and Integration
The deal enhances Bel Fuse’s US-based manufacturing capabilities by incorporating dataMate’s domestic production, R&D, sales and product management teams. This integration positions the company for accelerated product development and stronger customer support in high-demand markets.