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The price of $7 million was funded with cash on hand, Bel said in a news release.
“We look forward to adding EOS’ complementary products to our suite of offerings that we can provide for our customers,” Bel CEO Dan Bernstein said in a prepared statement. “In addition to the new products and customers we will gain, we’re also excited to add another facility that allows for the potential of additional supply chain efficiencies for Bel.”
The deal was first announced in January.