Littelfuse completes $315M acquisition of Carling Technologies, updates Q4 guidance

LITTELFUSE INC /DE

Acquired Carling for approx. $315M cash; Carling annualized revenue ~$170M.
Commercial vehicle business more than doubles; Carling to be reported in Automotive segment.
Updated Q4 2021 guidance: net sales $518-532M; adjusted EPS $2.82-2.98.
Consideration funded from cash on hand; $16.9M placed in escrow for indemnification.

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