CHICAGO--(BUSINESS WIRE)--
Littelfuse,
Inc. (NASDAQ:LFUS), the global leader in circuit protection, today
announced it has completed the previously announced acquisition of
Hamlin, Inc. from Key Safety Systems for $145 million.
"We are pleased that the acquisition has closed on schedule. Hamlin is
an excellent addition to our company and a significant step forward in
our strategy to build a global sensor platform," said Gordon Hunter,
Chief Executive Officer.
About Hamlin
Founded in 1949, Hamlin Electronics is a leader in sensor technology,
providing standard products and custom solutions for leading global
manufacturers in the automotive and other industries. The company's
product line includes reed, hall-effect and its newly-developed PWG
linear sensing technologies, as well as switches and relays.
Headquartered in Lake Mills, Wis., Hamlin has manufacturing, engineering
and sales offices in the U.S., Mexico, Europe and Asia. For more
information, please visit the Hamlin website: www.hamlin.com.
About Littelfuse
Founded in 1927, Littelfuse, Inc., the worldwide leader in circuit
protection, offers the industry's broadest and deepest portfolio of
circuit protection products and solutions. Littelfuse devices protect
products in virtually every market that uses electrical energy, from
consumer electronics to automobiles to industrial equipment. In addition
to its Chicago, Illinois, world headquarters, Littelfuse has more than
30 sales, distribution, manufacturing and engineering facilities in the
Americas, Europe and Asia. Technologies offered by Littelfuse include Fuses;
Gas
Discharge Tubes (GDTs); Positive
Temperature Coefficient Devices (PTCs); PulseGuard®
ESD Suppressors; SIDACtor®
Devices; Silicon
Protection Arrays (SPA®); Switching
Thyristors; TVS
Diodes and Varistors.
The company also offers a comprehensive line of highly reliable Electromechanical
and Electronic Switch and Control Devices for commercial and
specialty vehicles and Sensors for automobile safety systems, as well as Protection
Relays and underground Power
Distribution Centers for the safe control and distribution of
electricity.
For more information, please visit the Littelfuse website: littelfuse.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995.
All statements included or incorporated by reference in this release,
other than statements or characterizations of historical fact, are
forward-looking statements within the meaning of the federal securities
laws, including the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on our current expectations,
estimates and projections about our industry and business, management's
beliefs, and certain assumptions made by us, all of which are subject to
change. Forward-looking statements can often be identified by words such
as "anticipates," "expects," "intends," "plans," "predicts," "believes,"
"seeks," "estimates," "may," "will," "should," "would," "could,"
"potential," "continue," "ongoing," similar expressions, and variations
or negatives of these words. Examples of such forward-looking statements
include, but are not limited to, references to the impact of the
acquisition on Littelfuse's earnings and future sales of Hamlin, the
strategic fit of Hamlin into Littelfuse's business, and the potential
benefits of the transaction. These forward-looking statements are not
guarantees of future results and are subject to risks, uncertainties and
assumptions that could cause our actual results to differ materially and
adversely from those expressed in any forward-looking statement.
Important risk factors that may cause such a difference for Littelfuse
in connection with the acquisition of Hamlin include, but are not
limited to, unexpected variations in market growth and demand for sensor
technology solutions and related technologies, the risks inherent in
acquisitions of technologies and businesses, including the timing and
successful completion of technology and product development through
volume production, integration issues, costs and unanticipated
expenditures, changing relationships with customers, suppliers and
strategic partners, potential contractual, intellectual property or
employment issues and charges resulting from purchase accounting
adjustments or fair value measurements.
Littelfuse's Annual Report on Form 10-K filed on February 27, 2013 and
other Securities and Exchange Commission filings discuss other important
risk factors that could contribute to such differences or otherwise
affect our business, results of operations and financial condition. The
forward-looking statements in this release speak only as of this date.
We undertake no obligation to revise or update publicly any
forward-looking statement to reflect future events or circumstances.
LFUS-A
Littelfuse, Inc.
Phil Franklin
Vice President, Operations
Support and CFO
(773) 628-0810
Source: Littelfuse, Inc.
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