 JERSEY CITY, N.J., Jan. 12, 2021 GLOBE NEWSWIRE -- Bel Fuse Inc. Bel, or, the Company Nasdaq:BELFA and Nasdaq:BELFB, a leading supplier of products that power, protect and connect electronic circuits, today announced that the Company has entered into an agreement the Agreement with EOS Power Panama Inc. to acquire substantially all of the issued and outstanding shares of EOS Power India Private Ltd.. The Agreement calls for the assumption of certain liabilities and is subject to closing working capital adjustments. Based in Mumbai, India, the EOS business had trailing twelve-month sales of approximately 15 million, and manufactures power products that are well known in the market and the distribution channels. 