Sensata Technologies Holding NV (NYSE:ST) completed the acquisition of Wabash Technologies, Inc. from Global Steering Systems, LLC.
January 02, 2014 at 04:00 am
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Sensata Technologies Holding NV (NYSE:ST) signed a definitive agreement to acquire Wabash Technologies, Inc. from Global Steering Systems, LLC for $60 million in cash on December 18, 2013. The purchase price is subject to adjustments. The transaction is not subject to regulatory review and is expected to close in January. The transaction will be accretive to earnings in 2014 prior to integration costs, and although slightly dilutive after integration costs. Lincoln International acted as financial advisor to Global Steering Systems and Wabash Technologies, Inc. Christopher Keefe of Nixon Peabody acted as legal advisor to Sensata Technologies.
Sensata Technologies Holding NV (NYSE:ST) completed the acquisition of Wabash Technologies, Inc. from Global Steering Systems, LLC. on January 2, 2014.
Sensata Technologies Holding plc is an industrial technology company that develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products. The Company's segments include Performance Sensing and Sensing Solutions. The Performance Sensing segment serves the automotive and heavy vehicle and off-road (HVOR) industries through its development and manufacture of sensors, high-voltage solutions (electrical protection components), and other solutions. The Sensing Solutions segment serves the industrial and aerospace industries through development and manufacture of a portfolio of application specific sensor and electrical protection products used in a range of industrial markets, including the appliance, heating, ventilation, and air conditioning (HVAC), water management, operator controls, charging infrastructure, renewable energy generation, green hydrogen production, commercial aircraft, defense, and others.
SENSATA TECHNOLOGIES HOLDING PLC 
