Announced
Completed
Synopsis
Sensata Technologies, a global industrial technology company and a provider of sensor-rich solutions, completed the acquirsition of Preco Electronics, a vehicle safety technology company. Financial terms were not disclosed. “The acquisition of PRECO Electronics further extends Sensata’s sensing content into areas related to the autonomous megatrend and builds scale in heavy-duty vehicle markets. We are confident that we can capitalize on the many growth opportunities on the horizon, as we strengthen our go-to-market capabilities and build on PRECO’s global reputation as the industry leader in collision mitigation and avoidance technology optimized for heavy-duty vehicles and equipment,” Jeff Cote, Sensata CEO and President.
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