Ad
Ad
Ad
Ad
Ad
Ad
© mikael damkier dreamstime.com Business | April 08, 2022

Littelfuse to acquire C&K Switches

Littelfuse has entered into a definitive agreement with an affiliate of Sun Capital Partners, Inc. to acquire C&K Switches at an enterprise value of USD 540 million.

C&K Switches is a designer and manufacturer of high-performance electromechanical switches and interconnect solutions with a global presence across a broad range of end markets, including industrial, transportation, aerospace, and datacom. Headquartered in Waltham, Massachusetts, with facilities located around the world, C&K Switches has annualised sales of over USD 200 million.

"We are excited to welcome C&K Switches employees to the Littelfuse team," says Deepak Nayar, Senior Vice President and General Manager, Littelfuse Electronics Business in a press release. "With its strong brand reputation, a long history of design excellence and high-performing products, the addition of C&K Switches will enhance our presence and growth in our target markets. Our complementary go-to-market models — through a combination of direct sales and channel distribution — and expanded product portfolio will serve as a platform for future growth."

The transaction is subject to customary closing conditions and regulatory approvals and is expected to close during the second calendar quarter of 2022.

Load more news
May 24 2022 12:51 pm V20.5.24-1