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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.
Basler Electric Company acquired E2 Power Systems, which provides engineering and installation services to the power generation, power distribution and controls markets. Terms were not disclosed.
Kampi Components received a $571,670 contract from the Defense Logistics Agency to supply 20 power transformers manufactured by Basler Electric.