Chicago-based industrial technology manufacturing company Littelfuse has completed its acquisition of C&K Switches, a designer and manufacturer of electromechanical switches and interconnect solutions.
“The combination of our companies significantly expands our technologies and capabilities, enabling us to deliver a comprehensive-solutions offering to our broad customer base, across a wide range of vertical end markets,” said Deepak Nayar, senior vice president and general manager of Littelfuse Electronics Business. “Our businesses are highly complementary and enable us to leverage our collective go-to-market models and global footprints. It is a pleasure to welcome the C&K employees to the Littelfuse team, and we look forward to their contributions, as we continue to execute on our long-term growth strategy.”
C&K has annual sales of over $200 million and will be reported within the Littelfuse’s electronics reporting segment. Littelfuse said it financed the deal through a combination of available cash and debt.
In its initial announcement in April, Littelfuse said it entered into a definitive agreement with an affiliate of Sun Capital Partners, Inc. to acquire C&K at an enterprise value of $540 million.