Pacific Industrial completed the acquisition of Sensata Technologies for $173m.

Pacific Industrial, a manufacturer of automobile stamping and molding products, TPMS, electronic and control devices, tire valves, completed the acquisition of Sensata Technologies, a supplier of sensing, electrical protection, control and power management solutions with operations and business centers, for $173m. “Sensata provides sensing solutions for mission-critical, complex solutions where we have significant differentiation, leading margins and secular growth. The valves business performs well for customers and has significantly improved its operating performance since 2014. However, it does not align to our secular growth strategy and will be better positioned as part of Pacific to further expand its tire valves business. Additionally, by divesting the valves business we can further fund our capital deployment initiatives, particularly as it relates to the repurchase of Sensata shares,” Martha Sullivan, Sensata President and CEO.