Littelfuse Completes C&K Switch Acquisition - Stock News Source

CHICAGO–(BUSINESS WIRE)–littelfuse, inc. (NASDAQ: LFUS), an industrial technology manufacturing company powering a sustainable, connected and safer world, today announced the completion of the acquisition of C&K switches (“C&K”). C&K is a leading designer and manufacturer of high performance electromechanical switches and interconnect solutions with a strong global presence in a wide range of end markets including industrial, transportation, aerospace and datacom.


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The combination of our companies significantly expands our technologies and capabilities, allowing us to offer end-to-end solutions. offering to our broad customer base, across a wide range of vertical end markets,” said Deepak Nayar, senior vice president and general manager, Littelfuse. electronics Business. “Our businesses are highly complementary and allow us to leverage our collective go-to-market models and global footprints. It is a pleasure to welcome C&K employees to the Littelfuse team, and we look forward to their contributions as we continue to execute on our long-term growth strategy.”

C&K has annual sales of over $200 million and will be reported within the company electronics reporting segment.

Littelfuse financed the transaction consideration through a combination of available cash and debt.

A related slideshow is available in the Investor Relations, News & Events, Presentations section of the company’s website at littelfuse.com. Littelfuse will share additional details about C&K during the company’s fiscal 2022 second quarter earnings conference call.


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About Littlefuse

Littelfuse (NASDAQ: LFUS) is an industrial technology manufacturing company driving a safer, connected and sustainable world. In more than 15 countries and with approximately 17,000 global associates, we partner with customers to design and deliver innovative and reliable solutions. Serving more than 100,000 end customers, our products are found in a variety of industrial, transportation, and electronic end markets, everywhere, every day. Learn more at littelfuse.com.

Safe Harbor Declaration under the Private Securities Litigation Reform Act of 1995

The statements in this Press release that are not historical facts are intended to constitute “forward-looking statements” entitled to the safe harbor provisions of the Private Securities Litigation Reform Act. Such statements are based on the current expectations of Littelfuse, Inc. (“Littelfuse” or the “Company”) and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. . statements. These risks and uncertainties include, among others, risks and uncertainties related to general economic conditions; the severity and duration of the COVID-19 pandemic and the actions taken in response to it and the effects of those items on the company’s business; product demand and market acceptance; the impact of competitive products and prices; product quality issues or product recalls; capacity and supply difficulties or limitations; coal mining exposure reserves; cybersecurity matters; lack of compensation for environmental liability; exchange rate fluctuations; price fluctuations of basic products and other raw materials; the effect Littelfuse’s accounting policies; labor disputes; restructuring costs above expectations; returns on pension plan assets lower than assumed; integration of acquisitions; uncertainties related to political or regulatory changes; the risk that the expected benefits, synergies and growth prospects of the C&K transaction may not be achieved in a timely manner, or at all; the risk that C&K’s business may not be successfully integrated with Littelfuse’s; the risk that Littelfuse and C&K may not be able to retain and hire key personnel; the risk that the interruption of the transaction could adversely affect Littelfuse or C&K’s business and its relationships with its customers, suppliers or employees; and other risks that may be detailed in the company’s Securities and Exchange Commission files. Should one or more of these risks or uncertainties materialize or underlying assumptions prove incorrect, actual results may differ materially from those indicated or implied by forward-looking statements. This release should be read in conjunction with the information provided in the financial statements appearing in the company’s Annual Report on Form 10-K for the year ended January 1, 2022. More information on risk factors can be found under the heading “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended January 1, 2022, its Quarterly Report on Form 10-Q for the quarter ended on April 2, 2022, and in other filings and filings with the SEC, each of which are available free of charge on the Company’s investor relations website at inverter.littelfuse.com and on the SEC’s website at http://www.sec.gov. These forward-looking statements are made as of the date hereof. The company undertakes no obligation to update, modify or clarify these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the availability of new information.

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contacts

Trisha Tuntland

Head of Investor Relations

(773) 628-2163

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