Littelfuse to acquire Basler Electric for $350M

Littelfuse, Inc. announced a definitive agreement to acquire Basler Electric Company for approximately $350 million in cash, net of tax benefits of about $30 million. Basler designs electrical control and protection solutions for grid, power generation and data center markets.

“Littelfuse, Inc. (NASDAQ: LFUS), a leader in developing smart solutions that enable safe and efficient electrical energy transfer, today announced a definitive agreement to acquire Basler Electric Company (“Basler”) for a cash consideration of approximately $350M.”business.sherbrookerecord.com

• 1 source
• business.sherbrookerecord.comContact Us - Sherbrooke Record - Littelfuse to Acquire Basler Electric, Enhancing High-Growth Industrial Market PositioningLittelfuse, Inc.May 25, 2018

Summarized from public sources; check the original articles before acting on it.