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Lake Mills, WI 15th April, 2013 – Hamlin Inc., a global leader in magnetic sensing technologies, announced that an agreement had been reached between its parent company Key Safety Systems, Inc and Littelfuse, Inc. (NASDAQ:LFUS) for Littelfuse to acquire Hamlin for $145 million in a cash transaction.

The Hamlin product line includes reed, hall-effect, inductive and its newly developed PWG linear sensing technologies, as well as switches and relays. Littelfuse is the world’s leading supplier of circuit protection products for the electronics, automotive and electrical industries and offers a broad and deep portfolio of control, electronic and sensing products to the global market. Greg Heald, Hamlin President & CEO commented « I am delighted to see the Hamlin organization become part of Littelfuse. Hamlin has made outstanding progress in recent years; developing a global market leading position in the reed switch business; gaining significant momentum in new sales wins for auto and non-auto sensor products and developing new and exciting sensor technologies, all of which contribute to the generation of a strong pipeline of opportunities that will drive strong and continuous growth. Everyone in Hamlin has contributed to these successes and for that they should all be proud. »

Completion of the transaction is subject to the expiration or termination of the applicable Hart-Scott-Rodino waiting period and other customary closing conditions. This transaction is expected to close by the end of May.