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Stock impact report

Sensata Technologies Strengthens Position in Electrification through Acquisition of GIGAVAC

Sensata Technologies Holding plc Ordinary Shares (ST) 
Last sensata technologies holding plc ordinary shares earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.sensata.com
Company Research Source: GlobeNewswire
SWINDON, United Kingdom, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Sensata Technologies (NYSE:ST), an industrial technology company and a leading provider of sensors, today announced that it has reached an agreement to acquire privately-held GIGAVAC, LLC for an enterprise value of approximately $233 million, funded out of the company’s cash balances. As demand for electrification grows, Sensata’s solutions are helping customers improve the efficiency, performance, and safety of electrified vehicles and equipment.  Today, Sensata has expanding positions in high-growth applications such as electrical protection, thermal management, and regenerative braking.  The addition of GIGAVAC’s portfolio will enable Sensata to tap into a broad $1 billion market opportunity for high-voltage contactors required in electrified products such as cars, delivery trucks, buses, material handling equipment, and charging stations.  GIGAVAC will immediately augment Sensata’s ongoing investments in mission-critic Show less Read more
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