M&A Deal Summary

Bel Acquires rms Connectors

On January 13, 2021, Bel acquired semiconductors company rms Connectors from rms

Acquisition Highlights
  • This is Bel’s 1st transaction in the Semiconductors sector.
  • This is Bel’s 9th transaction in the United States.
  • This is Bel’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-01-13
Target rms Connectors
Sector Semiconductors
Buyer(s) Bel
Sellers(s) rms
Deal Type Divestiture

Target

rms Connectors

Minneapolis, Minnesota, United States
rms Connectors, Inc. is a provider of circular connectors used in a variety of military and aerospace applications. rms Connectors is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Bel

West Orange, New Jersey, United States
Category Company
Founded 1949
Sector Electronics
Employees5,260
Revenue 640M USD (2023)
DESCRIPTION

Bel is a designer and manufacturer of products used in networking, telecommunications, high-speed data transmission, commercial aerospace, military, transportation, and consumer electronics. Bel was founded in 1949 and is based in West Orange, New Jersey.

DEAL STATS #
Overall 15 of 18
Sector (Semiconductors) 1 of 1
Type (Divestiture) 9 of 9
State (Minnesota) 1 of 1
Country (United States) 9 of 9
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 CUI Global - Power Business

Tualatin, Oregon, United States

CUI Global, Inc. - Power Business is complemented by a portfolio of world-class board level components, consisting of interconnect, sound, motion control, and thermal products.

Buy $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 EOS Power

Mumbai , India

EOS Power is the largest manufacturer and exporter of branded power supplies in India and also offers complete VAM, ODM support, and repair services in India for its customer partners. EOS is focused on designing leading edge low to medium power AC/DC power product footprints for the global medical, industrial, and other commercial markets. EOS Power was founded in 1991 and is based in Mumbai, India.

Buy $7M

Seller(S) 1

SELLER

rms

Coon Rapids, Minnesota, United States
Category Company
Founded 1967
Sector Medical Products
DESCRIPTION

rms Co., Inc. is a manufacturer of components for the orthopedic and other medical device markets. rms was founded in 1967 and is based in Coon Rapids, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

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