Emerson Agrees to Sell Connectivity Solutions Business to Bel Fuse

Emerson-bel FuseEmerson has announced that they have divested the Connectivity Solutions business to Bell Fuse Inc. for $98 Million. The transaction is expected to close before the end of this fiscal year, with proceeds deployed for incremental share repurchase in 2014.

The Connectivity Solutions business has revenues of more than $80 million and is part of Emerson’s Network Power business. The business offers fiber optic, radio frequency and microwave coaxial technologies that safeguard network reliability with brands including AIM-Cambridge, Johnson, Midwest Microwave, Semflex, Stratos, Trompeter, Viewsonics and Vitelec.

Publisher: everything RF