Littelfuse, Inc. (LFUS), a provider of circuit protection, on Friday said it has acquired Sweden -based ACCEL AB in a cash transaction. Terms of the transaction were not disclosed.
The company expects the acquisition to be accretive to its earnings in 2012.
ACCEL is a manufacturer of advanced electromechanical products, including sensors and switches, primarily for the automotive industry. The company, which has approximately 300 employees, generated revenues of approximately 16 million euros in 2011.
Dieter Roeder, Vice President and General Manager of the Littelfuse Automotive Business Unit, said, "The acquisition of ACCEL gives us an initial foothold in the growing automotive sensor market and is consistent with our strategy to expand beyond circuit protection into adjacent, complementary technologies.
"ACCEL's pipeline of new products and strong relationships with OEM and Tier 1 automotive customers around the world provide excellent growth opportunities for Littelfuse. In addition, ACCEL's facility in Kaunas, Lithuania, provides us with a low-cost manufacturing base in Eastern Europe," added Roeder.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.