Deal Details

Sale of Connectivity Solutions to Bel Fuse, Inc.

---

Summary

About

Emerson Electric Co. (“Emerson”) (NYSE:EMR) recently completed the sale of its Connectivity Solutions business unit to Bel Fuse, Inc. (“Bel”) (NASDAQ:BELF.A and BELF.B) for $98 million.

Connectivity Solutions 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. Connectivity Solutions provides optimal signal transmission for aerospace, defense, healthcare, industrial, wireless communications and broadcast industries. Connectivity Solutions is based in Bannockburn, Illinois.

Emerson is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial and consumer markets around the world. Emerson is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies and Commercial & Residential Solutions. Emerson is based in St. Louis, Missouri.

Bel has three divisions that are primarily engaged in the design, manufacture and sale of products used in aerospace, data transmission, military, transportation and consumer electronics. These three divisions include Magnetic Solutions, Power Solutions and Protection, and Connectivity Solutions. Bel is based in Jersey City, New Jersey.

---

For additional information about this transaction, please contact: