Littelfuse to acquire Basler Electric for cash consideration of about $350M

Littelfuse (LFUS) announced a definitive agreement to acquire Basler Electric Company for a cash consideration of approximately $350M, subject to customary adjustments. When adjusted for the present value of expected tax benefits of approximately $30M, the net transaction value is approximately $320M. Basler is a leading designer and manufacturer of innovative electrical control and protection solutions for high-growth industrial markets including grid and utility infrastructure, power generation and data center. With three manufacturing facilities in Highland, IL, Taylor, TX, and Piedras Negras, Mexico, Basler’s technologies regulate and protect mission-critical equipment for a broad and expanding customer base. “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,” said Greg Henderson, President and CEO of Littelfuse. “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.” The transaction is anticipated to close by the end of the fourth quarter of 2025, subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approvals. Upon completion of the transaction, Basler will be reported as part of Littelfuse Industrial Segment. Barclays is serving as exclusive strategic advisor to Littelfuse.