Bel acquires a stake in innolectric ag, further enhancing its position in the rapidly evolving ev on-board charging market for commercial vehicles

Jersey city, n.j., feb. 06, 2023 (globe newswire) -- bel fuse inc. (“bel,” or, “the company”) (nasdaq:belfa and nasdaq:belfb), a leading supplier of products that power, protect and connect electronic circuits, today announced that the company has entered into an agreement and closed on a minority stake investment with germany-based innolectric ag (“innolectric”). this passive investment will create a strategic alliance that is focused on electric vehicles (“ev”) on-board power electronics broadly, but specifically on next generation fast charging technology.
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