Acquisition Expands Industrial Product Portfolio and End Market Leadership
CHICAGO, January 28, 2021 - Littelfuse, Inc. (NASDAQ: LFUS), a global manufacturer of leading technologies in circuit protection, power control, and sensing, today announced it has acquired Hartland Controls. Headquartered in Rock Falls, Illinois, Hartland Controls is a manufacturer and leading supplier of electrical components used primarily in heating, ventilation, air conditioning, and refrigeration (HVAC/R) and other industrial and control systems applications. For 2020, Hartland Controls had sales of approximately $70 million.
"Hartland Controls is a premier provider of control products and assemblies, with an outstanding reputation for quality, engineering, and customer service," said Peter Kim, Vice President and General Manager, Littelfuse Industrial Business. "We are excited to welcome Hartland Controls' associates to Littelfuse as we combine our capabilities and strong customer relationships."
Littelfuse will share additional details about the acquisition during the company’s fourth quarter of fiscal 2020 earnings conference call on Wednesday, February 3, 2021 at 9:00 a.m. Central Time. The live conference call will be available via webcast from www.littelfuse.com. A recording of the call will also be available there.
Über Littelfuse
Littelfuse (NASDAQ: LFUS) ist ein globaler Hersteller von führenden Technologien in den Bereichen Stromkreisschutz, Leistungssteuerung und Sensorik. Unsere Produkte werden von mehr als 100.000 Endkunden eingesetzt und finden sich in Automobilen und Nutzfahrzeugen, Industrieanwendungen, der Daten- und Telekommunikation, medizinischen Geräten, Unterhaltungs- und Haushaltselektronik und Elektrogeräten. Unsere 11.000 weltweiten Partner arbeiten mit Kunden zusammen, um innovative, qualitativ hochwertige Lösungen für eine sicherere, grünere und zunehmend vernetzte Welt zu entwickeln, sie zu produzieren und zu liefern – überall, jeden Tag. Weitere Informationen finden Sie auf Littelfuse.com.
About Hartland Controls
Hartland Controls specializes in the design and manufacture of mission critical custom electrical control solutions and engineered assemblies used in HVAC, refrigeration, overhead door, irrigation, welding, water heating, pool and spa, vehicle charging and other aftermarket applications that require reliable starting and safe stopping. The company engineers, manufactures, and tests electrical components in its Rock Falls, Illinois, and Shanghai, China, facilities to the most rigorous domestic and international standards. Learn more at HartlandControls.com.
„Safe Harbor“-Bestimmungen des US-amerikanischen Private Securities Litigation Reform Act von 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 Private Securities Litigation Reform Act. These statements may involve risks and uncertainties, including, but not limited to, risks and uncertainties relating to general economic conditions; the severity and duration of the COVID-19 pandemic and the measures taken in response thereto and the effects of those items on the company’s business; product demand and market acceptance; the impact of competitive products and pricing; product quality problems or product recalls; capacity and supply difficulties or constraints; coal mining exposures reserves; failure of an indemnification for environmental liability; exchange rate fluctuations; commodity price fluctuations; the effect of Littelfuse, Inc.'s ("Littelfuse" or the "Company") accounting policies; labor disputes; restructuring costs in excess of expectations; pension plan asset returns less than assumed; integration of acquisitions; uncertainties related to political or regulatory changes; and other risks which may be detailed in the company's Securities and Exchange Commission filings. Sollten eines oder mehrere dieser Risiken oder Unsicherheiten tatsächlich eintreten oder sollten sich zugrunde liegende Annahmen als falsch erweisen, können sich die tatsächlichen Ergebnisse und Folgen erheblich von jenen in den zukunftsgerichteten Aussagen genannten oder implizit enthaltenen unterscheiden. Diese Mitteilung sollte in Verbindung mit den Jahresabschlussdaten aus dem Jahresbericht des Unternehmens auf Formular 10-K für das am 28. Dezember 2019 abgeschlossene Geschäftsjahr gelesen werden. Further discussion of the risk factors of the company can be found under the caption "Risk Factors" in the company's Annual Report on Form 10-K for the year ended December 28, 2019, under the caption "Risk Factors" in its Quarterly Report on Form 10-Q for the quarter ended September 26, 2020, and in other filings and submissions with the SEC, each of which are available free of charge on the company’s investor relations website at investor.littelfuse.com and on the SEC’s website at www.sec.gov.
These forward-looking statements are made as of the date hereof. The company does not undertake any obligation to update, amend or clarify these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the availability of new information.
Littelfuse, Inc.
Investor Contact:
Trisha Tuntland Leiterin Anlegerbeziehungen
(773) 628-2163
Pressekontakt:
Steve Schrier Leiter für Unternehmenskommunikation
(773) 628-2112
media@littelfuse.com
LFUS-A