CUI Global Closes Sale Of Power Business To Bel Fuse For $32 Million

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CUI Global Closes Sale Of Power Business To Bel Fuse For $32 MillionCUI Global, Inc. (NASDAQ: CUI), (the "Company") today announced the completion of the sale of the majority of its Power business to Bel Fuse (Nasdaq: BELFA and Nasdaq: BELFB) for $32.0 million in cash, subject to post-closing adjustments. The Company expects to utilize the proceeds from the sale to implement its strategy to build an infrastructure services company and for general corporate purposes.


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