CHICAGO–(BUSINESS WIRE)–Littelfuse, Inc. (NASDAQ: LFUS), a diversified, industrial experience manufacturing agency empowering a sustainable, associated, and safer world, within the current day launched it has acquired Western Automation Evaluation and Enchancment Restricted (“Western Automation”). Headquartered in Galway, Ireland, Western Automation is a designer and producer {{of electrical}} shock security items used all through a broad range of high-growth end markets, along with e-Mobility off-board charging infrastructure, industrial safety and renewables.
“ Western Automation is a primary provider of premium experience choices for electrical fault detection, with a powerful fame for innovation, prime quality and buyer help,” said Peter Kim, Senior Vice President and Widespread Supervisor, Littelfuse Industrial Enterprise. “ This acquisition accelerates our improvement in e-Mobility off-board charging infrastructure and extra expands our capabilities into broader industrial markets and capabilities the place we are going to greater serve our worldwide purchaser base. We’re excited to welcome Western Automation associates to the Littelfuse workers as we proceed to execute on our long-term improvement approach in an increasingly electrified world.”
Western Automation has annualized product sales of spherical $25 million and shall be reported all through the agency’s Industrial reporting part. The company would not anticipate the acquisition to have a fabric impression to its 2023 financial outcomes.
About Littelfuse
Littelfuse, Inc. (NASDAQ: LFUS) is a diversified, industrial experience manufacturing agency empowering a sustainable, associated, and safer world. All through higher than 20 worldwide areas, and with roughly 18,000 worldwide associates, we affiliate with prospects to design and ship progressive, reliable choices. Serving over 100,000 end prospects, our merchandise are current in a variety of business, transportation and electronics end markets – everywhere, each single day. Be taught additional at Littelfuse.com.
About Western Automation Evaluation and Enchancment
Primarily based in 1984, Western Automation Evaluation and Enchancment Restricted is a primary developer and vendor of progressive experience choices for electrical safety and shock security. Western Automation has a sturdy worldwide presence supplying to blue-chip OEMs all through a variety of sectors with a particular take care of the business part and EV charger fault detection. The company is headquartered in Galway, Ireland, with operations throughout the UK, Spain and USA. Be taught additional at WesternAutomation.com.
“Protected Harbor” Assertion beneath the Private Securities Litigation Reform Act of 1995
The statements on this press launch that are not historic particulars are supposed to symbolize “forward-looking statements” entitled to the safe-harbor provisions of the Private Securities Litigation Reform Act. Such statements are based totally on Littelfuse, Inc.’s (“Littelfuse” or the “Agency”) current expectations and are subject to quite a few parts and uncertainties, which can set off exact outcomes to range materially from these described throughout the forward-looking statements. These risks and uncertainties, embody, nevertheless mustn’t restricted to, risks and uncertainties concerning widespread monetary circumstances; the severity and interval of the COVID-19 pandemic and the measures taken in response thereto and the results of those objects on the company’s enterprise; product demand and market acceptance; the impression of aggressive merchandise and pricing; product prime quality points or product recollects; functionality and supply difficulties or constraints; coal mining exposures reserves; cybersecurity points; failure of an indemnification for environmental obligation; change cost fluctuations; commodity and completely different raw supplies price fluctuations; the impression of Littelfuse’s accounting insurance coverage insurance policies; labor disputes; restructuring costs in additional of expectations; pension plan asset returns decrease than assumed; integration of acquisitions; uncertainties related to political or regulatory modifications; and completely different risks which may be detailed throughout the agency’s Securities and Change Charge filings. Must plenty of of these risks or uncertainties materialize or should the underlying assumptions present incorrect, exact outcomes and outcomes may differ materially from these indicated or implied throughout the forward-looking statements. This launch should be study together with data provided throughout the financial statements exhibiting throughout the agency’s Annual Report on Sort 10-Okay for the yr ended January 1, 2022. Extra dialogue of the hazard parts of the company could also be found beneath the caption “Risk Components” throughout the agency’s Annual Report on Sort 10-Okay for the yr ended January 1, 2022, its Quarterly Report on Sort 10-Q for the quarter ended October 1, 2022, and in several filings and submissions with the SEC, each of which may be discovered free of value on the company’s investor relations site at investor.littelfuse.com and on the SEC’s site at www.sec.gov. These forward-looking statements are made as of the date hereof. The company would not undertake any obligation to interchange, amend or clarify these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the supply of current data.
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