Littelfuse, Inc. announced on December 11, 2025 that it had closed a $350 million cash acquisition of Basler Electric, a family‑owned manufacturer of high‑voltage electrical control and protection solutions. The transaction adds Basler’s advanced high‑voltage and very‑high‑energy protection technologies to Littelfuse’s Industrial segment, creating a more comprehensive end‑to‑end protection portfolio for grid infrastructure, power generation, and data‑center markets.
The acquisition is a strategic fit that expands Littelfuse’s presence in high‑growth industrial markets. Basler’s product line complements Littelfuse’s existing offerings, enabling cross‑selling opportunities and a stronger position in the data‑center and renewable‑energy segments where demand for robust power‑control solutions is accelerating. Management expects the deal to be accretive to adjusted earnings per share in 2026, reinforcing the company’s focus on high‑voltage, high‑energy‑density applications.
Littelfuse’s Q3 2025 results provide context for the transaction. Net sales rose 10% to $624.6 million, driven by a 6.5% organic growth in the Electronics segment and a 4% increase in the Industrial segment, offset by a 2% decline in the Transportation segment. Adjusted diluted EPS of $2.95 beat consensus estimates of $2.75 by $0.20, a 7.3% beat, largely due to disciplined cost management and a favorable product mix that increased pricing power in the high‑margin Electronics segment. Adjusted EBITDA margin contracted to 21.5% from 21.7% year‑over‑year, a 20‑basis‑point compression attributed to higher stock‑based and variable‑compensation costs and an unfavorable mix shift toward lower‑margin Industrial products.
Segment performance highlights that the Electronics segment grew strongly, with revenue up 10% driven by demand for data‑center and renewable‑energy power‑control solutions. The Industrial segment also grew, benefiting from increased orders in grid infrastructure, while the Transportation segment faced a softer commercial‑vehicle market, contributing to a modest decline in that segment’s revenue. Management noted that “mixed end‑market conditions” were present, but “design wins in the data‑center market are up more than 50% versus the prior year,” underscoring the strategic fit of Basler’s technology in high‑growth areas.
Greg Henderson, President and CEO, said the closing “marks a strong step forward in advancing our strategic priorities.” He added that Basler’s “comprehensive technology portfolio and proven expertise in electrical control and protection solutions enhance our ability to serve customers driving next‑generation technology innovations across high‑growth industrial markets.” Henderson also highlighted the company’s recent earnings beat and its confidence in maintaining profitability through disciplined cost control and strategic investments.
Littelfuse’s stock was trading near its 52‑week high of $275 at the time of the announcement, reflecting strong investor confidence in the company’s growth strategy and financial performance. The market reaction to the acquisition announcement was positive, driven by the company’s robust earnings track record, the strategic alignment of Basler’s technology with high‑growth industrial segments, and the expectation that the deal will accelerate revenue growth and margin expansion in the coming years.
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