Littelfuse Completes Acquisition of C&Ok Switches
Littelfuse, Inc. (NASDAQ: LFUS), an industrial know-how manufacturing firm empowering a sustainable, linked, and safer world, at the moment introduced the completion of its acquisition of C&Ok Switches (“C&Ok”). C&Ok is a number one designer and producer of high-performance electromechanical switches and interconnect options with a powerful world presence throughout a broad vary of finish markets, together with industrial, transportation, aerospace, and datacom.
“The mix of our corporations considerably expands our applied sciences and capabilities, enabling us to ship complete options providing to our broad buyer base, throughout a variety of vertical finish markets,” stated Deepak Nayar, Senior Vice President and Basic Supervisor, Littelfuse Electronics Enterprise. “Our companies are extremely complementary and allow us to leverage our collective go-to-market fashions and world footprints. It’s a pleasure to welcome the C&Ok workers to the Littelfuse staff, and we sit up for their contributions as we proceed to execute on our long-term development technique.”
C&Ok has annualized gross sales of over $200 million and can be reported throughout the firm’s Electronics reporting section.
Littelfuse financed the transaction consideration by way of a mixture of accessible money and debt.
A associated slide presentation is on the market within the Investor Relations, Information & Occasions, Displays part of the corporate’s web site at Littelfuse.com. Littelfuse will share further particulars about C&Ok in the course of the firm’s second quarter of fiscal 2022 earnings convention name.
About Littelfuse
Littelfuse (NASDAQ: LFUS) is an industrial know-how manufacturing firm empowering a sustainable, linked, and safer world. Throughout greater than 15 international locations, and with roughly 17,000 world associates, we accomplice with clients to design and ship modern, dependable options. Serving over 100,000 finish clients, our merchandise are present in quite a lot of industrial, transportation and electronics finish markets – in every single place, on daily basis.
