{"id":942493,"date":"2026-03-05T16:23:17","date_gmt":"2026-03-05T21:23:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/"},"modified":"2026-03-05T16:23:17","modified_gmt":"2026-03-05T21:23:17","slug":"methode-electronics-announces-sale-of-datamate-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/","title":{"rendered":"Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business"},"content":{"rendered":"<div class=\"mw_release\">\n<p>SOUTHFIELD, Mich., March  05, 2026  (GLOBE NEWSWIRE) &#8212; Methode Electronics, Inc. (NYSE: MEI) today announced the sale of its dataMate copper transceiver business to Bel Fuse Inc.\u00ae (NASDAQ: BELFA, BELFB), a leading global manufacturer of products that power, protect, and connect electronic circuits. The divestiture will enable Methode to sharpen the focus on key growth strategies, particularly in the area of power solutions, with a focus on data center business and power delivery and distribution products, anticipating the increasingly demanding requirements of very dense AI computing architectures.<\/p>\n<p>\u201cThis 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,\u201d said Jon DeGaynor, President and CEO, Methode Electronics. \u201cWe 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.\u201d<\/p>\n<p>dataMate has a well-established track record of supplying leading enterprise networking equipment manufacturers and telecom network operators with transceivers, over successive generations of increasing networking speed, capacity and efficiency, and is a leading innovator in applying single pair powered ethernet to industrial applications.<\/p>\n<p>\n        <strong>About Methode Electronics, Inc.<\/strong><br \/>\n        <br \/>Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East and Asia. We design, engineer, and produce mechatronic products for OEMs utilizing our broad range of technologies for user interface, lighting system, power distribution and sensor applications.<\/p>\n<p>Our solutions are found in the end markets of transportation (including automotive, commercial vehicle, e-bike, aerospace, bus, and rail), cloud computing infrastructure, construction equipment, and consumer appliance. Our business is managed on a segment basis, with those segments being Automotive, Industrial, and Interface.<\/p>\n<p>\n        <strong>Media Contact<\/strong>: <br \/>Steve Blow, Methode Electronics, Inc.<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pKaMPrnZv_dv1cdivvIo8_doUVoSKpJ5Y7U1RP8MYEGgUTKOXNPm6ZyzmVxX9I9Jbnw1DWujkvd8WDOb0DvjYOcWKzf8i7qDUc_DeAfWmIU=\" rel=\"nofollow\" target=\"_blank\">sblow@methode.com<\/a><br \/>517-262-0655<\/p>\n<p>\n        <strong>Investor Contact: <\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_Oygq2QBMnGDyLHG9-6QeMNLNLLyUOlKxzMuGlAJEFz_ERmm7C0kctAv1bI_MmFqBV65NxS7JefSrMde0WKkAg==\" rel=\"nofollow\" target=\"_blank\">ir@methode.com<\/a>\n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY2Njk5MyM3NDcwOTI4IzIxMjI3NTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZjYwYmQwNDItZTE4OS00NDk5LWE4YzQtMDA1MjM5MmIwZmY4LTExMzQzMjgtMjAyNi0wMy0wNS1lbg==\/tiny\/Methode-Electronics-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SOUTHFIELD, Mich., March 05, 2026 (GLOBE NEWSWIRE) &#8212; Methode Electronics, Inc. (NYSE: MEI) today announced the sale of its dataMate copper transceiver business to Bel Fuse Inc.\u00ae (NASDAQ: BELFA, BELFB), a leading global manufacturer of products that power, protect, and connect electronic circuits. The divestiture will enable Methode to sharpen the focus on key growth strategies, particularly in the area of power solutions, with a focus on data center business and power delivery and distribution products, anticipating the increasingly demanding requirements of very dense AI computing architectures. \u201cThis 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,\u201d said Jon DeGaynor, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-942493","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SOUTHFIELD, Mich., March 05, 2026 (GLOBE NEWSWIRE) &#8212; Methode Electronics, Inc. (NYSE: MEI) today announced the sale of its dataMate copper transceiver business to Bel Fuse Inc.\u00ae (NASDAQ: BELFA, BELFB), a leading global manufacturer of products that power, protect, and connect electronic circuits. The divestiture will enable Methode to sharpen the focus on key growth strategies, particularly in the area of power solutions, with a focus on data center business and power delivery and distribution products, anticipating the increasingly demanding requirements of very dense AI computing architectures. \u201cThis 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,\u201d said Jon DeGaynor, &hellip; Continue reading &quot;Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-05T21:23:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY2Njk5MyM3NDcwOTI4IzIxMjI3NTc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business\",\"datePublished\":\"2026-03-05T21:23:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/\"},\"wordCount\":316,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY2Njk5MyM3NDcwOTI4IzIxMjI3NTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/\",\"name\":\"Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY2Njk5MyM3NDcwOTI4IzIxMjI3NTc=\",\"datePublished\":\"2026-03-05T21:23:17+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY2Njk5MyM3NDcwOTI4IzIxMjI3NTc=\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY2Njk5MyM3NDcwOTI4IzIxMjI3NTc=\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/methode-electronics-announces-sale-of-datamate-business\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/","og_locale":"en_US","og_type":"article","og_title":"Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business - Market Newsdesk","og_description":"SOUTHFIELD, Mich., March 05, 2026 (GLOBE NEWSWIRE) &#8212; Methode Electronics, Inc. (NYSE: MEI) today announced the sale of its dataMate copper transceiver business to Bel Fuse Inc.\u00ae (NASDAQ: BELFA, BELFB), a leading global manufacturer of products that power, protect, and connect electronic circuits. The divestiture will enable Methode to sharpen the focus on key growth strategies, particularly in the area of power solutions, with a focus on data center business and power delivery and distribution products, anticipating the increasingly demanding requirements of very dense AI computing architectures. \u201cThis 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,\u201d said Jon DeGaynor, &hellip; Continue reading \"Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/","og_site_name":"Market Newsdesk","article_published_time":"2026-03-05T21:23:17+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY2Njk5MyM3NDcwOTI4IzIxMjI3NTc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business","datePublished":"2026-03-05T21:23:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/"},"wordCount":316,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY2Njk5MyM3NDcwOTI4IzIxMjI3NTc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/","name":"Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY2Njk5MyM3NDcwOTI4IzIxMjI3NTc=","datePublished":"2026-03-05T21:23:17+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY2Njk5MyM3NDcwOTI4IzIxMjI3NTc=","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY2Njk5MyM3NDcwOTI4IzIxMjI3NTc="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/methode-electronics-announces-sale-of-datamate-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Methode\u00a0Electronics Announces Sale of\u00a0dataMate\u00a0Business"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/942493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=942493"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/942493\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=942493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=942493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=942493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}