Sensata Technologies to acquire Elastic M2M.

Sensata Technologies, a supplier of sensors for transportation and industrial applications, agreed to acquire Elastic M2M, a provider of a programming platform. Financial terms were not disclosed. “Consistent with Sensata Insights’ strategy to provide high-value data insights and solutions to TSPs, and ultimately to their fleet operators and asset owners, the acquisition of Elastic M2M augments our cloud capabilities critical to delivering actionable sensor-based insights, an increasingly important capability in this fast-growing industry segment. Elastic M2M expands on Sensata’s recent acquisitions of Xirgo Technologies and SmartWitness and our extensive sensor portfolio by adding leading software and analytics solutions for fleets and a talented team of software engineers, with a highly complementary channel strategy leveraging TSP relationships as partners in delivering these solutions," Jeff Cote, Sensata Technologies CEO and President.