Sensata Technologies is a company that provides sensors and controls that are deployed in applications such as automotive, aircraft, home, industrial, military and telecommunications systems.
The company's clients include top brands such as BMW, Boeing (BA), Caterpillar (CAT), Samsung Electronics and Volks-wagen. Earlier known as Sensors and Controls, a division of Texas Instruments, the company became a public limited business last year, and in this short period since then, has posted an increase in its stock price by almost 75%. Its sales and profits have also increased. The company’s sensing devices, known as content, are widely deployed in China, India and Brazil.
The company recently invested $140 million to purchase Honeywell's Automotive On-Board sensor products division. The takeover was made public in October and was concluded in late January. The new division develops cam and crankshaft, transmission, vane and turbo linear position sensors. It also develops sensing devices to determine speed of wheels and retailed directly to the automotive OEMs and Tier 1 car manufacturers.
According to Wroe, CEO, the company will strategically look for more such takeovers in the future, looking for potential companies that post revenues between $100 and $200 million.
Source: http://sensata.com/