Littelfuse to Acquire Circuit Protection Business From TE Connectivity for $350M in Cash

Littelfuse, Inc. LFUS today announced it has entered into a definitive agreement to acquire the circuit protection business of TE Connectivity Ltd. TEL for $350 million in cash. This business has a leading position in polymer-based resettable circuit protection devices with a strong global presence in the automotive, battery, industrial, communications and mobile computing markets. The business is headquartered in Menlo Park, California with manufacturing facilities in Shanghai and Kunshan, China and Tsukuba, Japan. "This business is an excellent strategic fit with Littelfuse," said Gordon Hunter, CEO of Littelfuse. "It will expand our global circuit protection product portfolio as well as our presence in the automotive electronics and See full press release