Bel Fuse has announced the acquisition of dataMate from Methode Electronic.
Bel Fuse has announced the acquisition of dataMate, a provider of advanced ethernet and broadband technologies, from Methode Electronics.
This transaction expands Bel’s portfolio and positions the Company for accelerated growth in high-demand markets, including networking, data centres, industrial automation, smart building management, and broadband deployment. The acquisition of dataMate brings a portfolio of complementary products that align well with Bel’s existing Magnetic Solutions offerings, broadening their reach in Ethernet and broadband solutions and expanding their base sales without overlapping customer design needs. Additionally, dataMate’s ongoing technology development offers potential for future growth, with innovations intended to deliver both data and power through a single pair of wires, streamlining network infrastructure and reducing costs for industrial and smart building applications.
Beyond product and market expansion, the acquisition brings expansion to Bel’s US-based manufacturing capabilities, including R&D, sales and product management functions. Joe Berry, President of the Magnetics Division at Bel, commented: “The acquisition of dataMate is expected to expand Bel’s leadership in networking solutions. The innovative technologies and talented engineering team will enable Bel to deliver even greater value to our customers and accelerate growth in key markets. We look forward to welcoming the dataMate team and building on their impressive legacy.”
