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Bel Fuse completes acquisition of manufacturing business

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Bel Fuse Inc., a telecommunications and networking company in Jersey City, announced today it has closed the previously announced acquisition of the Transpower magnetics business from TE Connectivity.

According to an announcement, Bel paid approximately $22.4 million in cash to acquire the business, which employs approximately 2,500 people at its 237,000-square-foot manufacturing facility in Changping, China.

The acquisition is expected to be accretive to Bel’s earnings beginning in the second quarter of 2013.

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