Methode Electronics Announces Sale of dataMate Business
Methode Electronics, Inc. (MEI)
Last methode electronics, inc. earnings: 3/5 07:00 am
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Source: GlobeNewswire
SOUTHFIELD, Mich., March 05, 2026 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI) today announced the sale of its dataMate copper transceiver business to Bel Fuse Inc.® (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. “This 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,” said Jon DeGaynor, President and CEO, Methode Electronics. “We are pleased to have found a path for dataMate to expand and accelerate development of its innovative data-ov
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News
- Methode Electronics (NYSE:MEI) Surprises With Q4 CY2025 Sales, Stock Soars [Yahoo! Finance]Yahoo! Finance
- Methode Electronics Announces Sale of dataMate Business [Yahoo! Finance]Yahoo! Finance
- Methode Electronics, Inc. Reports Fiscal 2026 Third Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
- Methode Electronics, Inc. Reports Fiscal 2026 Third Quarter Financial ResultsGlobeNewswire
- Methode Electronics Announces Third Quarter Fiscal 2026 Results Conference Call [Yahoo! Finance]Yahoo! Finance
MEI
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- 3/5/26 - Miss
MEI
Sec Filings
- 3/5/26 - Form 10-Q
- 3/5/26 - Form 8-K
- 1/21/26 - Form 4
- MEI's page on the SEC website