JERSEY CITY, N.J., March 9th, 2012 Bel Fuse Inc. (NASDAQ:BELFA) (NASDAQ:BELFB) announced today that it closed the acquisition of Gigacom Interconnect AB, Gothenburg, Sweden, a leading supplier of expanded beam fiber optic technology and a leading participant in the development of next-generation commercial aircraft standards. Terms of the transaction were not disclosed.
Noting that Gigacom will become part of Bel’s Cinch Connectors business, Daniel Bernstein, Bel’s President and CEO, said, “This acquisition is in line with our strategy to focus on high value added, non-commodity components. Gigacom’s offering of expanded beam fiber optic products, which are replacing traditional copper-based components due to their superior performance, reliability and lighter weight, will enhance Cinch’s position in growing aerospace and military markets.”