Electrical control and protection products manufacturer Littelfuse, Inc. announced it will acquire Basler Electric Company for approximately $350 million. When adjusted for the present value of expected tax benefits of approximately $30 million, the net transaction value is approximately $320 million.

Illinois-based Basler designs and manufactures electrical control and protection solutions for high-growth industrial markets such as grid and utility infrastructure, power generation and data centers. The privately held, family-owned manufacturer based in Highland, IL operates three manufacturing facilities in Highland, Taylor, TX and Piedras Negras, Mexico. According to an Oct. 28 news release, Basler is expected to generate revenue of $125 million in 2025 with a high-teens adjusted EBITDA margin. The transaction is anticipated to close by the end of the fourth quarter of 2025.

“The acquisition of Basler demonstrates our commitment to deploy our strong free cash flow in a disciplined manner toward strategic acquisitions that enhance our access to high-growth markets supported by strong secular trends. Basler’s leading technology capabilities and deeply embedded customer relationships, built over 80+ years of innovation, further enhance our position as a leader in the safe and efficient transfer of electrical energy,” Littlefuse President and CEO Greg Henderson said in an Oct. 28 news release. “The addition of Basler aligns with our strategic priorities by strengthening our secular growth story while opening new organic growth opportunities for Littelfuse products. We are excited to welcome the Basler team and look forward to leveraging our complementary technologies, engineering capabilities and manufacturing footprint to drive long-term growth, profitability enhancements and shareholder value.”