M&A Deal Summary

Sensata Technologies Acquires Spear Power Systems

On August 23, 2021, Sensata Technologies acquired energy services and equipment company Spear Power Systems

Acquisition Highlights
  • This is Sensata Technologies’ 1st transaction in the Energy Services and Equipment sector.
  • This is Sensata Technologies’ 10th transaction in the United States.
  • This is Sensata Technologies’ 1st transaction in Missouri.

M&A Deal Summary
Date 2021-08-23
Target Spear Power Systems
Sector Energy Services and Equipment
Buyer(s) Sensata Technologies
Deal Type Add-on Acquisition

Target

Spear Power Systems

Grandview, Missouri, United States
website
Spear Power Systems designs and manufactures safe, high-performance energy storage systems (ESS) for clients with some of the world's most demanding marine, industrial, and defense applications. Spear Power Systems was founded in 2013 and is based in Grandview, Missouri.

Search 193,092 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Sensata Technologies

Attleboro, Massachusetts, United States

website

Category Company
Founded 1916
Sector Electrical Equipment
Employees21,000
Revenue 3.8B USD (2021)
DESCRIPTION

Sensata Technologies is a provider of sensing, electrical protection, control, and power management solutions with operations and business centers in 11 countries. Sensata's products improve safety, efficiency, and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning and ventilation, data, telecommunications, recreational vehicle, and marine applications. Sensata Technologies was founded in 1916 and is based in Attleboro, Massachusetts.

DEAL STATS #
Overall 12 of 16
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 10 of 14
State (Missouri) 1 of 1
Country (United States) 10 of 14
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-12 Xirgo

Camarillo, California, United States

Xirgo is a provider of wireless telematics modules for tracking, monitoring, protecting, and controlling remote assets and workers supporting the Internet of Things (“IoT”) growth sector. Xirgo Technologies was founded in 2005 and is based in Camarillo, California.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 SmartWitness

Schaumburg, Illinois, United States

SmartWitness is a designer, manufacturer, and supplier of in-vehicle cameras, recorders, and software. The company's industry-major vehicle equipment has produced exceptional results for its clients and solutions that undeniably redefine the way vehicle risk is analyzed. SmartWitness was formed in 2007 and is based in Schaumburg, Illinois.

Buy -
Mergr

Product

Company

Legal