Methode Electronics Announces Sale of dataMate Business
Methode Electronics (NYSE: MEI) announced the sale of its dataMate copper transceiver business to Bel Fuse on March 5, 2026.
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Rhea-AI Summary
Methode Electronics (NYSE: MEI) announced the sale of its dataMate copper transceiver business to Bel Fuse on March 5, 2026. The divestiture is intended to sharpen Methode's focus on power solutions, data center power delivery, and high-density AI computing architectures while supporting portfolio refinement and debt reduction.
dataMate will join Bel Fuse to continue development of data-over-copper solutions for enterprise networking, telecom operators, and industrial single-pair powered ethernet applications.
Positive
- Completed sale of dataMate transceiver business to Bel Fuse
- Sale intended to sharpen focus on power solutions and AI data-center products
- Transaction positioned to support debt reduction and free resources for core businesses
Negative
- Methode divested its established transceiver product line, reducing product diversification
- Loss of direct ownership of data-over-copper innovation and customer relationships in transceivers
Details
News Market Reaction – MEI
On Mar 6, the first trading day after this news, MEI closed 11.79% below the previous close. That session’s volume was 4.8x the stock’s average daily volume.
Data tracked by StockTitan Argus for the Mar 6 session.
Historical Context
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Scheduled call and webcast to review Q3 fiscal 2026 results.
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Board approved quarterly dividend of $0.05 per share.
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Reported lower sales, net loss of $9.9M, and segment softness.
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Announcement of Q2 fiscal 2026 results conference call.
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Planned fireside chat at Baird 2025 Global Industrial Conference.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
copper transceiver technical
single pair powered ethernet technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
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-over-copper solutions as part of the Bel Fuse portfolio.”
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.
About Methode Electronics, Inc.
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.
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.
Media Contact:
Steve Blow, Methode Electronics, Inc.
sblow@methode.com
517-262-0655
Investor Contact:
ir@methode.com
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