Methode Electronics sells dataMate business to Bel Fuse, terms undisclosed

Methode Electronics, Inc. (MEI) announced the sale of its dataMate copper transceiver business to Bel Fuse (BELFA) (BELFB). “This deal furthers our stated strategy of portfolio refinement and debt reduction while freeing resources for Methode to concentrate on its high-density power delivery products and streamline our facilities footprint,” said Jon DeGaynor, President and CEO, Methode Electronics. “We are pleased to have found a path for dataMate to expand and accelerate development of its innovative data-over-copper solutions as part of the Bel Fuse portfolio.”