Littelfuse to Acquire Basler Electric

Littelfuse Inc., Chicago, IL, announced a definitive agreement to acquire Basler Electric Co., Highland, IL,  for a cash consideration of approximately $350 million.

Basler is a designer and manufacturer of innovative electrical control and protection solutions for high-growth industrial markets including grid and utility infrastructure, power generation and data center. The company’s products are used by over 1,600 global customers in a diverse range of critical applications and end markets, including power generation, power transmission, grid and utility infrastructure, HVAC, data center and industrial & electrical equipment.

Founded in 1942, Basler is a privately held, family-owned with approximately 700 employees. For full-year 2025, Basler is expected to generate revenue of $125 million with a high-teens adjusted EBITDA margin.

With three manufacturing facilities in Highland, IL; Taylor, TX;  and Piedras Negras, Mexico, Basler’s technologies regulate and protect mission-critical equipment for a broad and expanding customer base.

“The acquisition of Basler demonstrates our commitment to deploy our strong free cash flow in a disciplined manner toward strategic acquisitions that enhance our access to high-growth markets supported by strong secular trends,” said Greg Henderson, president and CEO of Littelfuse, in the press release. “Basler’s leading technology capabilities and deeply embedded customer relationships, built over 80+ years of innovation, further enhance our position as a leader in the safe and efficient transfer of electrical energy.

“The addition of Basler aligns with our strategic priorities by strengthening our secular growth story while opening new organic growth opportunities for Littelfuse products. We are excited to welcome the Basler team and look forward to leveraging our complementary technologies, engineering capabilities and manufacturing footprint to drive long-term growth, profitability enhancements, and shareholder value.”