Littelfuse acquires Sweden-based ACCEL
Deal expands company’s position in automotive sensor market
Littelfuse, Inc. has acquired ACCEL AB, based in Vänersborg, Sweden, in a cash transaction. ACCEL is a manufacturer of advanced electromechanical products, including sensors and switches, primarily for the automotive industry.
“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,” said Dieter Roeder, vice president and general manager of the Littelfuse Automotive Business Unit.
“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.
Magnus Nilsson, Managing Director of ACCEL, said, “We are excited to join Littelfuse. The company’s strong global presence will enable us to better serve our customers and expand our business into new geographies. The good cultural fit and many synergies between the two companies will provide long-term benefits for both organizations.”
Case Study Database
Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.
2012 Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.