Littelfuse to acquire C&K Switches for $540M enterprise value

LITTELFUSE INC /DE

Enterprise value $540M; expected close in Q2 2022 subject to regulatory approvals.
C&K Switches is a designer of electromechanical switches with annualized sales >$200M.
Acquisition to be financed through a combination of cash and debt.
C&K will be reported within the Electronics segment; seller is affiliate of Sun Capital.
Transaction enhances growth across industrial, transportation, aerospace, and datacom markets.

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