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Announced

Sensata Technologies to acquire Spear Power Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private

energy storage systems

Electrical Components

Friendly

Single Bidder

United States

Cross Border

Majority

Acquisition

Synopsis

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Sensata Technologies, an industrial technology company, agreed to acquire Spear Power Systems, a provider of lithium-ion based energy storage solutions for mission-critical and demanding end user applications. Financial terms were not disclosed. "Since our inception in 2013, Spear has had a goal of developing technically differentiated solutions in energy storage to address the growing demand in the niche e-mobility markets within which we operate. This deal will mean increased resources so that our incredible team can expand our development, commercial, and operational activities at a pace to meet the rapidly growing need for clean energy solutions. We are very excited to play a meaningful role in contributing towards Sensata’s electrification strategy," Jeff Kostos, Spear CEO.

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