April 14, 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. 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 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.