Carling Technologies

Carling Technologies is a developer of switching, circuit protection and energy distribution technologies, primarily serving the markets of road vehicles, sea ships and data and telecommunications infrastructure.

History

2021: Littelfuse bought Carling Technologies for $315 million

On October 20, 2021, electronic component manufacturer Littelfuse announced that it had agreed to buy Carling Technologies for $315 million. The deal is expected to close in the fourth quarter of 2021. Carling Technologies, a private company, offers switching, circuit protection and energy distribution technologies, mainly for passenger and off-road vehicle markets, sea ships, and data infrastructure. Its annual sales are about $170 million.

Thanks to its strong brand name and long history of innovation, quality and reliability, Carling Technologies strengthens our presence and growth in commercial transportation and communications infrastructure, "said Littelfuse Vice President and CEO Dave Lesperance.

Littelfuse acquired Carling Technologies for $315 million

As Carling Technologies President and Chief Executive Officer Richard Sorenson noted, combining Carling Technologies with Littelfuse, a rich legacy, will leverage the collective resources of both companies and their common portfolio to create greater customer value. He added that joining a world-class organization such as Littelfuse will accelerate the implementation of common business plans and provide expanded opportunities for employees.

The transaction is subject to normal closing conditions between the companies and regulatory approval, and is expected to close in the fourth calendar quarter of 2021. Dave Lesperance, will give additional details about Carling Technologies during the company's earnings conference call for the third quarter of fiscal 2021 on October 27, 2021 at 6:00 p.m. Moscow time. The conference call will be available via webcast from the www.littelfuse.com website, and a full recording of the conference will be available there.^[1]

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