CHICAGO — Littelfuse, Inc. (LFUS) announced Wednesday it has reached a definitive agreement to acquire Basler Electric Company, a privately held manufacturer of electrical control and protection solutions, for approximately $350 million in cash.
The deal, subject to customary adjustments, aims to expand Littelfuse’s reach in high-growth industrial markets such as grid and utility infrastructure, power generation and data centers. When adjusted for the present value of expected tax benefits of about $30 million, the net transaction value is approximately $320 million.
Founded in 1942 and based in Highland, Illinois, Basler is a family-owned company with roughly 700 employees and three manufacturing facilities in the U.S. and Mexico. The company is projected to generate $125 million in revenue for the full 2025 fiscal year.
“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,” said Greg Henderson, President and CEO of Littelfuse.
Henderson highlighted Basler’s 80-year history of innovation and embedded customer relationships as key factors that will enhance Littelfuse’s position as a leader in the safe and efficient transfer of electrical energy.
For the full year 2025, Basler is expected to achieve an adjusted EBITDA margin in the high teens. Littelfuse stated the net transaction value represents about 13.5 times Basler’s forecasted 2025 adjusted EBITDA. The acquisition is expected to be accretive to Littelfuse’s adjusted diluted earnings per share in 2026.
“We are excited to join an industry leader with a long history of strong customer partnerships and technology advancements,” said Ken Rhodes, President of Basler.
The transaction, which is anticipated to close by the end of the fourth quarter of 2025, is still subject to regulatory approvals and other customary closing conditions. Upon completion, Basler will be integrated into Littelfuse’s Industrial Segment.
Barclays served as the exclusive strategic advisor to Littelfuse on the transaction.