Sensata Technologies Acquires Wabash Technologies, Terms Not Disclosed
Sensata Technologies Holding N.V. (NYSE: ST) announced today that certain subsidiaries have reached an agreement to acquire Wabash Technologies, Inc. from an affiliate of Sun Capital Partners, Inc. Terms of the acquisition were not disclosed. The transaction is not subject to regulatory review and is expected to close in January.
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.