Boyd completed the acquisition of Qinex thermal test business from Sensata Technologies for $219m.

Boyd, an innovator of sustainable solutions, completed the acquisition of Qinex thermal test business from Sensata Technologies, an industrial technology company, for $219m. “Qinex performs well for customers and has contributed nicely to the rest of Sensata over the years. However, it does not align to our growth strategies and will be better positioned as part of Boyd to further expand its semiconductor testing and thermal management capabilities. Additionally, by divesting Qinex we can further fund our capital deployment initiatives, including funding our growth vectors of Electrification and Insights/IoT," Jeff Cote, Sensata Technologies CEO and President.