Bel Fuse Inc. announced an anticipated impairment charge related to its investment in innolectric AG, a Germany-based e-Mobility technology company. Despite Innolectric’s strengths, factors such as market exits and weak EV sector performance have led to operating losses. Bel expects to record an impairment charge of up to $14 million in Q4 2025. Bel considered acquiring the remaining stake in Innolectric but decided against it due to market softness and other factors. The Company’s portfolio of products serves various industries, including defense, aerospace, and eMobility. Bel’s forward-looking statements caution about risks and uncertainties impacting its business.
Read more at GlobeNewswire: Bel Announces Expected Impairment Charge Related to
