Littelfuse, The World's No. 1 Circuit Protection Manufacturer, Acquires C&K Switches To Expand Terminal Market Share

 Littelfuse, The World's No. 1 Circuit Protection Manufacturer, Acquires C&K Switches to Expand Terminal Market Share

Littelfuse Corporation is an industrial technology manufacturing company dedicated to powering a sustainable, connected, and safer world. The company announced on April 8, 2022, that it has entered into a definitive agreement with an affiliate of Sun Capital Partners, Inc., to acquire C&K Switches for $540 million. Founded in 1928, C&K Switches is a leading designer and manufacturer of high-performance electromechanical switching and interconnect solutions, with a strong global presence in a wide range of end markets including industrial, transportation, aerospace, and data communications. Headquartered in Waltham, Massachusetts, C&K Switches has services around the world with annual sales exceeding $200 million.

"We welcome C&K Switches employees to the Littelfuse team," said Deepak Nayar, senior vice president and general manager of e-commerce at Littelfuse. "With its strong brand reputation, long history of design excellence, and high-performance products, the addition of C&K Switches will strengthen our target market. impact. Our complementary go-to-market models that combine direct and channel distribution, as well as an expanded End Cap and Contact portfolio, make it a platform for future growth."

The transaction is subject to other customary special closing conditions and regulatory approvals and is expected to close in the second quarter of 2022. C&K Switches will report in the company's electronic reporting section. Littelfuse expects to fund the transaction through a combination of cash and debt.