Littelfuse Announces Acquisition of ACCEL; Terms Were Not Disclosed

Littelfuse, Inc. LFUS today announced it has acquired ACCEL AB, based in Vänersborg, Sweden, in a cash transaction. ACCEL is a manufacturer of advanced electromechanical products, including sensors and switches, primarily for the automotive industry. ACCEL had 2011 revenues of approximately €16 million. “The acquisition of ACCEL gives us an initial foothold in the growing automotive sensor market and is consistent with our strategy to expand beyond circuit protection into adjacent, complementary technologies,” said Dieter Roeder, Vice President and General Manager of the Littelfuse Automotive Business Unit. “ACCEL's pipeline of new products and strong relationships with OEM and Tier 1 automotive customers around the world provide excellent growth opportunities for Littelfuse. In addition, ACCEL's facility in Kaunas, Lithuania, provides us with a low-cost manufacturing base in Eastern Europe,” added Roeder.