Davy advises Western Automation on its sale to NASDAQ listed Littelfuse
08th March, 2023
Davy acted as sole sell-side adviser to Western Automation Research & Development Limited (“Western Automation”) on its sale to Littelfuse, Inc. (“Littelfuse”), a NASDAQ-listed industrial technology manufacturing company with a market cap of over $6 billion.
Littelfuse’s acquisition of Western Automation, an Irish company with an outstanding reputation for innovation, quality and customer service accelerates Littelfuse’s growth in the e-Mobility sector.
How did Davy advise Western Automation on its sale?
Davy worked closely with the founder of Western Automation throughout the process and generated strong interest from various buyer groups both domestically and internationally.
The acquisition of an Irish private company by a US publicly listed buyer reaffirms not only Davy’s global reach and credentials in the mergers and acquisitions (M&A) market, but also Ireland’s attractiveness as a location for research and development (R&D) investment, particularly in the technology sector.
Who are Western Automation?
Founded in 1984, Western Automation is a leading provider of proprietary electrical fault detection technology. Western Automation’s products are used across a broad range of high-growth end markets, including electric vehicle (EV) charging infrastructure, industrial safety and renewables.
Headquartered in Galway, Western Automation also has operations in Spain, UK and USA. With a customer base of blue-chip OEM’s across a range of sectors and geographies, Western Automation has a strong market reputation and global presence.
Western Automation represents an excellent case study in the value of indigenous tech companies being founded or grown in Ireland.
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