Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, May 6, 2022

Article Excerpt

SENSATA TECHNOLOGIES HOLDING PLC, $45.75, symbol ST on New York, develops, makes and sells sensors and controls. Through its Performance Sensing business (73% of revenues), the company supplies a wide array of automotive/heavy vehicle sensors (pressure, speed, temperature) that are embedded in transmission, air conditioning, and other key systems. Its Sensing Solutions business (27%) serves a diverse group of industrial end markets, including HVAC, refrigeration, and aircraft. On April 26, 2022, Sensata announced it would acquire Vermont-based Dynapower Company LLC. That firm is a leading provider of high voltage power conversion systems for clean energy market segments. The purchase price is $580 million in cash. Dynapower provides energy storage and power conversion systems including inverters, converters, rectifiers and custom transformers for renewable energy generation, green hydrogen production, electric vehicle charging stations, and microgrid applications, as well as industrial and defence applications. The company also provides aftermarket sales and service to maintain and monitor an installed base of equipment at customer locations. Dynapower’s target markets…

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