Sensata Technologies Holding has closed its buy of Wabash Technologies. The seller was Sun Capital Partners. Financial terms weren’t announced. Troy, Mich.-based Wabash designs and makes sensors, actuators, and assemblies to original equipment vehicle, engine, and power equipment manufacturers.
ALMELO, Netherlands, Jan. 3, 2014 /PRNewswire/ — Sensata Technologies Holding N.V. (NYSE: ST) announced today that certain subsidiaries have completed the previously announced acquisition of Wabash Technologies from an affiliate of Sun Capital Partners, Inc. Terms of the acquisition were not disclosed.
Wabash is a leading designer and manufacturer of a broad range of custom-designed sensors, including rotary and linear position, speed and engine timing sensors. The company also supplies fuel injection stators/actuators for diesel engines. Wabash is expected to generate revenues of approximately $75 million in 2013.
About Sensata Technologies Holding N.V.
Sensata Technologies Holding N.V. is one of the world’s leading suppliers of sensing, electrical protection, control and power management solutions with operations and business centers in 11 countries. Sensata’s products improve safety, efficiency and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning and ventilation, data, telecommunications, recreational vehicle and marine applications. For more information, please visit Sensata’s website at www.sensata.com.
About Wabash Technologies, Inc.
Wabash Technologies, Inc. designs and manufactures sensors, actuators, and assemblies to original equipment vehicle, engine, and power equipment manufacturers. The company was founded in 1946 and is based in Troy, Michigan with manufacturing facilities in Mexicali, Mexico and Huntington, Indiana and sales applications centers in Troy, Michigan and Swindon, United Kingdom. For more information, please visit www.wabashtech.com.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a pioneer in private equity investing, uniquely combining the financial skills and resources of a traditional private equity firm with the insight and expertise of a world class operating team. The firm focuses on market-leading companies that can benefit from our in-house professionals, resources, and expertise in their efforts to materially improve operating performance. Sun Capital affiliates have invested in more than 330 companies worldwide with combined sales in excess of $45 billion since its inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London,Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com.
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