芝加哥--July 19, 2022-- Littelfuse公司 (NASDAQ: LFUS), an industrial technology manufacturing company empowering a sustainable, connected, and safer world, today announced the completion of its acquisition of C&K Switches (“C&K”). C&K is a leading designer and manufacturer of high-performance electromechanical switches and interconnect solutions with a strong global presence across a broad range of end markets, including industrial, transportation, aerospace, and datacom.
"The combination of our companies significantly expands our technologies and capabilities, enabling us to deliver a comprehensive solutions 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."
C&K has annualized 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.
A related slide presentation is available in the Investor Relations, News & Events, Presentations section of the company’s website at Littelfuse.com. Littelfuse will share additional details about C&K during the company’s second quarter of fiscal 2022 earnings conference call.
关于 Littelfuse
Littelfuse （纳斯达克股票代码：LFUS）是一家工业技术制造公司，致力于为可持续发展、互联互通和更安全的世界提供动力。 凭借覆盖超过15个国家的业务和约17,000名全球员工，我们与客户合作，设计和交付创新、可靠的解决方案。 服务于超过100,000家最终客户，我们的产品每天应用于世界各地的各种工业、运输和电子终端市场。 Learn more a Littelfuse.com.
根据《1995年私人证券诉讼改革法案》所界定的“安全港”声明
The statements in this press release that are not historical facts are intended to constitute "forward-looking statements" entitled to the safe-harbor provisions of the Private Securities Litigation Reform Act. Such statements are based on Littelfuse, Inc.'s ("Littelfuse" or the "Company") current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties, include, but are not limited to, risks and uncertainties relating to general economic conditions; the severity and duration of the COVID-19 pandemic and the measures taken in response thereto and the effects of those items on the company's business; product demand and market acceptance; the impact of competitive products and pricing; product quality problems or product recalls; capacity and supply difficulties or constraints; coal mining exposures reserves; cybersecurity matters; failure of an indemnification for environmental liability; exchange rate fluctuations; commodity and other raw material price fluctuations; the effect of Littelfuse's accounting policies; labor disputes; restructuring costs in excess of expectations; pension plan asset returns less than assumed; integration of acquisitions; uncertainties related to political or regulatory changes; the risk that expected benefits, synergies and growth prospects of the C&K transaction may not be achieved in a timely manner, or at all; the risk that C&K's business may not be successfully integrated with Littelfuse's; the risk that Littelfuse and C&K will be unable to retain and hire key personnel; the risk that disruption from the transaction may adversely affect Littelfuse's or C&K's business and its relationships with its customers, suppliers or employees; and other risks which may be detailed in the company's Securities and Exchange Commission filings. 如果上述一个或多个风险或不确定因素成为现实，或潜在假设最终表明有误，实际结果可能与前瞻性声明所说明或暗示的结果存在重大差异。 本新闻稿应结合公司截至2022年1月1日之财年的10-K年度报告中财务报表所提供的信息阅读。 Further discussion of the risk factors of the company can be found under the caption "Risk Factors" in the company's Annual Report on Form 10-K for the year ended January 1, 2022, its Quarterly Report on Form 10-Q for the quarter ended April 2, 2022, and in other filings and submissions with the SEC, each of which are available free of charge on the company's investor relations website at investor.littelfuse.com and on the SEC’s website at sec.gov. These forward-looking statements are made as of the date hereof. The company does not undertake any obligation to update, amend or clarify these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the availability of new information.
LFUS-A
CONTACT:
Trisha Tuntland
投资者关系主管
(773) 628-2163
###