Business

Littelfuse completes TE acquisition

Posted March 28, 2016 1:00 am

Business Wire

CHICAGO - Littelfuse Inc. said it has completed its acquisition of circuit protection business of TE Connectivity Ltd. for $350 million in cash.

TE Connectivity has a position in polymer-based resettable circuit protection devices, with a strong global presence in the automotive, battery, industrial, communications and mobile computing markets. The company has operations in Menlo Park, California and manufacturing facilities in Tsukuba, Japan and Shanghai and Kunshan, China.

Littelfuse will continue to produce and sell PolySwitch devices, 2Pro devices, PolyZen devices and other circuit protection products that are part of the acquisition.

"This is an exciting day for Littelfuse," said Gordon Hunter, CEO of Littelfuse. "With this acquisition, we have strengthened our core circuit protection business - both with new products and new markets. We believe our expanded product portfolio and manufacturing capabilities provide excellent growth opportunities for the future."

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