Littelfuse acquired all of SymCom on January 3, 2014, for a finalized reported price of $52.8 million net of cash acquired. The Rapid City, South Dakota, company made overload relays and pump controllers for industrial customers; Littelfuse said the deal would strengthen its relay business with new products and customers.
When did Littelfuse buy SymCom?
The acquisition closed on January 3, 2014. Littelfuse’s later annual filing reports that it acquired 100% of SymCom, Inc., which was headquartered in Rapid City, South Dakota. Littelfuse’s 2017 Form 10-K
How much did Littelfuse pay?
The finalized amount reported by Littelfuse was $52.8 million, net of cash acquired. An earlier, contemporaneous 2014 quarterly filing gave a preliminary consideration of $52.0 million net of cash acquired; the later annual filing is the appropriate figure for the finalized reported amount. Littelfuse’s 2014 Form 10-Q
What did SymCom make?
SymCom supplied overload relays and pump controllers, primarily for industrial markets. The acquisition added those products and SymCom’s customers to Littelfuse’s Electrical business segment.
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Why did Littelfuse acquire SymCom?
Littelfuse said the acquisition would strengthen its position in the relay products market by adding products and customers. The company also reported that SymCom-related goodwill reflected expected future product sales and synergies from combining SymCom products with Littelfuse’s existing electrical offerings. Littelfuse’s 2014 Form 10-Q
What was the early business impact?
In an April 29, 2014 investor release, Littelfuse reported first-quarter sales of $206.9 million, up 21% from the prior-year quarter. The company attributed part of the increase to its Hamlin and SymCom acquisitions and said sales excluding acquisitions rose 6%. The release identifies SymCom as one contributor, not as the sole cause of the increase. Littelfuse’s first-quarter 2014 results release
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Are SymCom products still available?
The historical filings establish the products SymCom made before and around the acquisition, but they do not establish whether SymCom-branded overload relays or pump controllers are currently sold, how they are branded, or which models remain active. Confirm current catalog status, electrical ratings, replacement compatibility, and distributor availability with Littelfuse or an authorized distributor before selecting a product.
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