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.
リテルヒューズ会社案内
リテルヒューズ （NASDAQ : LFUS）は、回路保護、電力制御、センサーの分野において優れた技術の製品を手がける世界的メーカーです。当社の製品は自動車・商用車、工業用アプリケーション、データ・電気通信、医療機器、民生用電子機器、電化製品などに使用されており、100,000 人を超えるエンドユーザーにサービスを提供しています。当社が世界各地に抱える 11,000 名もの従業員は、より安全で環境にやさしい世界、常時接続化が進む世界に対応すべく、お客様と協力して革新的で高品質のソリューションを設計、製造、提供しています。詳細については Littelfuse.com をご覧ください。
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.
1995年私募証券訴訟改革法の「セーフハーバー」条項
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. 単独または複数のこれらの危険性および不確実性が実現した場合、または基礎的前提が不正確であることが証明された場合、実際の結果および成果がこの将来の見通しに関する記述で提示または示唆されている内容と大きく異なる可能性があります。 This release should be read in conjunction with information provided in the financial statements appearing in the company's Annual Report on Form 10-K for the year ended December 28, 2019. 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: トリシャ・タントランド IR 関連情報部門代表
(773) 628-2163
メディアコンタクト：
Steve Schrier 企業関連コミュニケーション代表
(773) 628-2112
media@littelfuse.com
LFUS-A