Littelfuse to acquire Carling Technologies for $315M in cash

LITTELFUSE INC /DE

Purchase price of $315M in cash, subject to a working capital adjustment.
Carling has annualized sales of approximately $170 million.
Expected to close in Q4 2021, pending regulatory approvals and customary conditions.
Carling is a leader in switching and circuit protection for commercial vehicles, marine, and datacom/telecom.
Additional details to be provided on Littelfuse's Q3 2021 earnings call Oct 27.

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