Littelfuse, Inc. (NasdaqGS:LFUS) entered into membership interest purchase agreement to acquire Basler Electric Company Inc. from a family for transaction valued at approximately $350 million on October 24, 2025. When adjusted for the present value of expected tax benefits of approximately $30 million, the net transaction value is approximately $320 million. The all-cash consideration of $353.2 million shall be subject to certain adjustments after closing.

The transaction is subject to the satisfaction of customary closing conditions, including approval by regulatory board / committee. The expected completion of the transaction is by the end of fourth quarter of 2025. Adjusting for the present value of expected tax benefits of approximately $30 million, the transaction represents approximately 13.5x Basler?s forecasted full year 2025 adjusted EBITDA. Littelfuse expects the acquisition to be accretive to adjusted diluted EPS in 2026.

King & Spalding LLP acted as legal advisor for Basler Electric Company Inc. Preti, Flaherty, Beliveau, Pachios & Haley LLC acted as legal advisor for Littelfuse, Inc. Barclays Capital Inc. acted as financial advisor for Littelfuse, Inc. Grant Thornton provided transaction advisory services.

Littelfuse, Inc. (NasdaqGS:LFUS) completed the acquisition of Basler Electric Company Inc. from a family on December 11, 2025. GulfStar Group I, Ltd. acted as a financial advisor to Basler Electric Co.