Littelfuse to buy C&K Switches for $540 million

CHICAGO - Littelfuse Inc. Friday said it has entered into a definitive agreement with an affiliate of Sun Capital Partners Inc. to acquire C&K Switches at an enterprise value of $540 million.

Founded in 1928 and based in Waltham, Massachusetts, with facilities located around the world, C&K Switches is a designer and manufacturer of high-performance electromechanical switches and interconnect solutions. Its electrical switches and products are used in a broad range of end markets, including industrial, transportation, aerospace and datacom.

C&K Switches has annualized sales of over $200 million. Littelfuse expects to finance the transaction consideration through a combination of cash and debt. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close later this spring.

"We are excited to welcome C&K Switches employees to the Littelfuse team," said Deepak Nayar, Senior Vice President and General Manager, Littelfuse Electronics Business. "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."