Littelfuse to acquire Basler Electric for $350 m.

Littelfuse, a company operating in the industrial technology and electrical protection sector, agreed to acquire Basler  Electric Company, a business focused on electrical control and protection solutions for high‑growth industrial markets, for $350 m. “The acquisition of Basler demonstrates our commitment to deploy our strong free cash flow in a disciplined manner toward strategic acquisitions that enhance our access to high-growth markets supported by strong secular trends. Basler’s leading technology capabilities and deeply embedded customer relationships, built over 80+ years of innovation, further enhance our position as a leader in the safe and efficient transfer of electrical energy. The addition of Basler aligns with our strategic priorities by strengthening our secular growth story while opening new organic growth opportunities for Littelfuse products. We are excited to welcome the Basler team and look forward to leveraging our complementary technologies, engineering capabilities and manufacturing footprint to drive long-term growth, profitability enhancements, and shareholder value,” Greg Henderson, Littelfuse President and CEO.