CHICAGO--(BUSINESS WIRE)--
Littelfuse, Inc., (NASDAQ:LFUS) today announced it has acquired the assets of U.S. Sensor Corporation. Headquartered in Orange, California, U.S. Sensor is a manufacturer of thermistors and probe assemblies used in the most demanding temperature sensing applications. Terms of the transaction were not disclosed.
“U.S. Sensor expands our existing sensor portfolio in several key electronics and industrial end markets, including home automation, HVAC and appliances,” said Deepak Nayar, Senior Vice President and General Manager, Electronics Business Unit. “The business has strong design capabilities that are complementary to our growth initiatives.”
“This is an exciting next phase for U.S. Sensor,” said Roger Dankert, President of U.S. Sensor. “We share the same views on customer focus and innovation, and will benefit from Littelfuse’s global presence and scale.”
Littelfuse does not expect this transaction to have a material impact to its 2017 revenue or adjusted earnings projections.
About Littelfuse
Founded in 1927, Littelfuse is the world leader in circuit protection with growing global platforms in power control and sensing. The company serves customers in the electronics, automotive and industrial markets with technologies including fuses, semiconductors, polymers, ceramics, relays and sensors. Littelfuse has over 10,000 employees in more than 40 locations throughout the Americas, Europe and Asia. For more information, please visit the Littelfuse website: Littelfuse.com.
About U.S. Sensor
Founded in 1989, U.S. Sensor Corporation manufactures an extensive variety of high quality negative temperature coefficient (NTC) thermistors as well as thermistor probes and assemblies. The company’s products are produced using proprietary state-of-the-art processing techniques for long term reliability. Product lines also include Thin Film Platinum resistance temperature detectors (RTDs) and RTD assemblies. Customers world-wide use U.S. Sensor thermistors and RTDs in their most demanding applications.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995.
The statements in this press release that are not historical facts are intended to constitute "forward-looking statements" entitled to the safe-harbor provisions of the PSLRA. These statements may involve risks and uncertainties, including, but not limited to, risks relating to product demand and market acceptance, economic conditions, the impact of competitive products and pricing, product quality problems, capacity and supply difficulties, labor disputes, integration of acquisitions, uncertainties related to political and regulatory changes and other risks which may be detailed in Littelfuse, Inc.'s Securities and Exchange Commission filings. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated or implied in the forward-looking statements.
This release should be read in conjunction with information provided in the financial statements appearing in Littelfuse, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2016 ("Annual Report"). For further discussion of the risk factors of Littelfuse, Inc., see Item 1A "Risk Factors" of the Annual Report.
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