US-based business firm Littelfuse Inc which is involved in industrial technology manufacturing related to fuse technology announced that it has completed the acquisition of C&K Switches (“C&K”). C&K switches are involved with the design, development, and manufacturing of high-performance electromechanical switches and interconnect solutions, for the industrial, transportation, aerospace, and datacom industries.
“The combination of our companies significantly expands our technologies and capabilities, enabling us to deliver a comprehensive solution 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 enable us to leverage our collective go-to-market models and global footprints. It is a pleasure to welcome the 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.”
Recently, C&K has annualised sales of over $200 million and will be reported within the company’s Electronics reporting segment. Littelfuse financed the transaction consideration through a combination of available cash and debt.
Recently, CWM LLC grew the stake of its share in Littelfuse Inc by 351.5 per cent in the first quarter, which owned around 120 shares of the tech firm’s stock after the acquisition of an additional 94 stocks during the time period. Several other funds, hedge funds have recently bought and sold the shares of this particular company. Including, but not limited to Boston Trust Walden Corp, Ayrshire Capital Management LLC, Copeland Capital Management LLC, Nordea Investment Management AB, Massmutual Trust Co. FSB ADV.
