Littelfuse, Inc. (NASDAQ: LFUS), a leader in developing smart solutions that enable safe and efficient electrical energy transfer, announced the completion of its previously announced acquisition of Basler Electric Company (“Basler”), further strengthening the company’s high-power application capabilities.
Basler is a leading designer and manufacturer of innovative electrical control and protection technologies serving high-growth industrial markets. Its portfolio of advanced solutions regulates and protects mission-critical power equipment for a broad and expanding customer base.
As part of the Littelfuse Industrial Segment, Basler is expected to:
“The closing of the Basler acquisition marks a strong step forward in advancing our strategic priorities. Basler’s comprehensive technology portfolio and proven expertise in electrical control and protection solutions enhance our ability to serve customers driving the next-generation technology innovations across high-growth industrial markets,” said Greg Henderson, President and CEO of Littelfuse. “The Basler team brings a long history of innovation and deeply embedded customer partnerships, and we are pleased to welcome them to Littelfuse as we move forward to drive long-term growth and deliver meaningful value for our customers and shareholders.”