Littelfuse, Inc., (NASDAQ:LFUS) today announced it successfully completed its acquisition of the circuit protection business of TE Connectivity Ltd. (NYSE: TEL) for $350 million in cash. The circuit protection business has a leading position in polymer-based resettable circuit protection devices, with a strong global presence in the automotive, battery, industrial, communications and mobile computing markets. The acquired business has operations in Menlo Park, California and manufacturing facilities in Tsukuba, Japan and Shanghai and Kunshan, China.
Littelfuse will continue to produce and sell PolySwitch® devices, 2Pro® devices, PolyZen®devices and other circuit protection products that are part of the acquisition.
“This is an exciting day for Littelfuse,” said Gordon Hunter, CEO of Littelfuse. “With this acquisition, we have strengthened our core circuit protection business – both with new products and new markets. We believe our expanded product portfolio and manufacturing capabilities provide excellent growth opportunities for the future.”
Qedma’s quantum error reduction software, running on IBM quantum computers and tested against RIKEN and…
Israeli startup Modus has emerged from stealth with a $10 million seed round led by…
Series C funding led by One Peak brings total investment in the company to $160…
Industry-leading product line card increased by more than 373,000 products last quarter THIEF RIVER FALLS,…
Partnership addresses software vulnerabilities within AI agent environments, extending protection beyond isolation and access controls…
Infineon Technologies has announced that its SEMPER™ NOR Flash memory has been qualified for ASPEED…