Littelfuse, Inc. (LFUS) said Monday that it has agreed to buy Hamlin, Inc. from Key Safety Systems for $145 million in a cash deal.
Hamlin is a provider of sensor technology to the automotive industry as well as the electronics and industrial markets. Its principal facilities are in Lake Mills, Wisconsin; Norwich, UK; Suzhou, China and Matamoros, Mexico. Hamlin had sales of about $76 million in 2012.
The deal is expected to close by the end of May.
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