---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-029891"
form_type: "8-K"
ticker: "BELFA"
cik: "0000729580"
company_name: "BEL FUSE INC /NJ"
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:19:03.824896+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bel Fuse agrees to buy 80% of Enercon Technologies for $320M plus earnout

## Summary
- Purchase price $320M at closing plus up to $10M earnout based on Enercon's EBITDA targets for fiscal 2025 and 2026.
- Remaining 20% stake subject to put-call mechanism; initial call option ~$80M plus 6% interest; deferred option based on 10.65x 2026 EBITDA.
- Financing through cash on hand and $150M increase of existing credit facility to $325M from KeyBank, BofA, BMO, PNC.
- Closing expected by end of 2024, subject to regulatory approvals and customary conditions.
- Enercon supplies power conversion and networking solutions to aerospace & defense markets globally.

## SEC filing metadata
- accession: 0001437749-24-029891
- form_type: 8-K
- ticker: BELFA
- cik: 0000729580
- company_name: BEL FUSE INC /NJ
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729580/000143774924029891/0001437749-24-029891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729580/000143774924029891/belfb20240920_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-029891
- JSON: https://secwatch.observer/filing/0001437749-24-029891.json
- Plain text: https://secwatch.observer/filing/0001437749-24-029891.txt

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