Divestiture • Electronics

Littelfuse Acquires Teccor Electronics

On July 8, 2003, Littelfuse acquired electronics company Teccor Electronics from Invensys for 44M USD

Acquisition Context
  • This is Littelfuse’s 1st transaction in the Electronics sector.
  • This is Littelfuse’s 9th largest (disclosed) transaction.
  • This is Littelfuse’s 2nd transaction in the United States.
  • This is Littelfuse’s 1st transaction in Texas.

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M&A Deal Summary

Date July 8, 2003
Target Teccor Electronics
Sector Electronics
Buyer(s) Littelfuse
Sellers(s) Invensys
Deal Type Divestiture
Deal Value 44M USD

Target Company

Teccor Electronics

Irving, Texas, United States
Teccor manufactures and markets semiconductor products for the telecommunications and industrial market segments. The company manufactures two product groups: a line of transient voltage suppressor devices and a line of power switching devices.
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Buyer Overview 1

Buyer

Littelfuse

Chicago, Illinois, United States

Category Company
Founded 1927
Sector Electronics
Employees16,000
Revenue 2.2B USD (2024)
DESCRIPTION

Littelfuse is a provider of circuit protection with growing global platforms in power control and sensing. The company serves customers in electronics, automotive and industrial markets with technologies including fuses, semiconductors, polymers, ceramics, relays and sensors. Littelfuse was founded in 1927 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 3 of 28
Sector: Electronics 1 of 7
Type: Divestiture 2 of 5
State: Texas 1 of 2
Country: United States 2 of 16
Year: 2003 1 of 1
Size (of disclosed) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-19 Semitron Industries

Swindon, United Kingdom

Semitron Industries Ltd. designed, produced and marketed power protection devices for the electronics and telecommunications markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-06 Heinrich Industrie AG

Essen, Germany

Heinrich Industrie is the holding company for the WICKMANN Group of circuit protection products, which has three business units: electronic, automotive and electrical.

Buy -

Seller Profile 1

SELLER

Invensys

London, United Kingdom

Category Company
Sector Diversified
Revenue 1.8B GBP (2013)
DESCRIPTION

Invensys is a global technology company that serves a range of industrial and commercial customers. Invensys designs and supplies advanced technologies to optimise operational performance and profitability. The Company operates through four primary segments. These include, Software, Industrial Automation, Energy Controls and Appliance.


Deal Context for Seller #
Overall 7 of 12
Sector: Electronics 1 of 1
Type: Divestiture 6 of 11
State: Texas 1 of 1
Country: United States 6 of 9
Year: 2003 1 of 2
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-27 FASCO Motors

United States

FASCO is a manufacturer in the U.S. fractional horsepower motors industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-18 Sensus Metering Systems

Raleigh, North Carolina, United States

Sensus Metering Systems Ltd. is a provider of advanced metering and related communications systems to the worldwide utility industry and has over a century of experience in designing and manufacturing metering products.

Sell $650M