---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-029508"
form_type: "8-K"
ticker: "BELFA"
cik: "0000729580"
company_name: "BEL FUSE INC /NJ"
filed_at: "2024-09-19T23:59:59+00:00"
generated_at: "2026-05-31T03:47:52.289176+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bel Fuse to acquire 80% of Enercon Technologies for $320M, expanding A&D exposure to 31%

## Summary
- Enterprise value $400M; Bel acquires 80% for $320M cash plus up to $10M earnout for 2025-2026.
- Enercon gross margin 46.0% and Adjusted EBITDA margin 32.5% for LTM Q2 2024.
- Bel's aerospace & defense revenue share rises from 17.5% to 31% post-acquisition.
- Deal expected to close by end of 2024, subject to customary regulatory approvals.
- Expected to be accretive to GAAP EPS within one year and non-GAAP EPS on Day 1.

## SEC filing metadata
- accession: 0001437749-24-029508
- form_type: 8-K
- ticker: BELFA
- cik: 0000729580
- company_name: BEL FUSE INC /NJ
- filed_at: 2024-09-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729580/000143774924029508/0001437749-24-029508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729580/000143774924029508/belfb20240916_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-029508
- JSON: https://secwatch.observer/filing/0001437749-24-029508.json
- Plain text: https://secwatch.observer/filing/0001437749-24-029508.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.