C&K Switches to be acquired by Littelfuse
By News Author | April 08, 2022
C&K Switches, an affiliated portfolio company of Sun Capital Partners, Inc., is pleased to announce that it is to be acquired by Littelfuse, Inc. (NASDAQ: LFUS), an industrial technology manufacturing company empowering a sustainable, connected, and safer world, for an enterprise value of $540 million.
Founded in 1928, C&K has been at the forefront of technological evolution in electromechanical switches. The Company is a leading global provider of critical, highly engineered electromechanical switches and interconnect technology solutions for essential applications in industrial, transportation, aerospace, datacom products, and other industries. The Company is headquartered in Waltham, Massachusetts, with operations in France, Germany, China, India and Vietnam, and annualized sales of over $200 million.
Lars Brickenkamp, Chief Executive Officer of C&K, said, “C&K and Littelfuse share a common vision, with both companies having almost 100 years’ experience in the design and manufacture of high-performance products. With many common customers, applications and focus markets, our two companies share a high level of market and cultural affinity, which will allow C&K to continue to serve our existing customers, and rapidly add new ones, with competitive, market leading solutions.”
The transaction is subject to customary closing conditions and regulatory approvals and is expected to close during the second calendar quarter of 2022.
At C&K, we do more than just make the world’s best switches. We are trusted advisors, helping global brands and innovators improve customer satisfaction by building better products. C&K offers more than 55,000 standard products, 8.5 million switch combinations, as well as custom designed solutions, to help solve the hardest engineering challenges faced in the automotive, industrial, IoT, wearables, medical, telecom, consumer products, aerospace and POS terminal industries. For over 90 years, leading designers, manufacturers and distributors of electronics have turned to C&K when they require mission-critical reliability in an electromechanical switch, high-rel connector or custom assembly. The reason they keep coming back is because C&K’s innovative design, cutting-edge production process, and strict quality assurance standards produce the world's best switches and components. For more information, please visit www.ckswitches.com or connect with us on LinkedIn and Twitter.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a global private equity firm focused on partnering with outstanding management teams to accelerate value creation. Since 1995, Sun Capital has invested in more than 465 companies worldwide with revenues in excess of $50 billion across a broad range of industries and transaction structures. The firm has built a reputation as a trusted partner, recognized for its operational experience. Sun Capital focuses on defensible businesses in growing markets with tangible performance improvement opportunities in the Business Services, Consumer, Healthcare, Industrial, and Technology sectors. The firm has offices in Boca Raton, Los Angeles and New York, and an affiliate with offices in London. For more information, please visit www.suncappart.com.
C&K website: www.ckswitches.com
Name: Craig Thomson
Phone: +44 78 5062 3009