M&A Deal Summary

Sensata Technologies Acquires WELLS-CTI

On October 1, 2012, Sensata Technologies acquired semiconductors company WELLS-CTI from Investcorp

Acquisition Highlights
  • This is Sensata Technologies’ 1st transaction in the Semiconductors sector.
  • This is Sensata Technologies’ 3rd transaction in the United States.
  • This is Sensata Technologies’ 1st transaction in Washington.

M&A Deal Summary
Date 2012-10-01
Target WELLS-CTI
Sector Semiconductors
Buyer(s) Sensata Technologies
Sellers(s) Investcorp
Deal Type Add-on Acquisition
Advisor(s) Canaccord Genuity Corp. (Financial)

Target

WELLS-CTI

Vancouver, Washington, United States
Wells-CTI manufactures high performance thermal management solutions, burn-in sockets and other ATE consumables for the semiconductor test industry.

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Buyer(S) 1

Buyer

Sensata Technologies

Attleboro, Massachusetts, United States
Category Company
Founded 1916
Sector Electrical Equipment
Employees19,400
Revenue 4.1B USD (2023)
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 3 of 16
Sector (Semiconductors) 1 of 2
Type (Add-on Acquisition) 2 of 14
State (Washington) 1 of 1
Country (United States) 3 of 14
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-15 Airpax

Cambridge, Maryland, United States

Airpax Corporation is the manufacturer of hydraulic magnetic circuit breakers and select thermostats and temperature sensors. These products provide protection for equipment, machinery and instruments in end markets including telecommunications, wireless communication, power, information processing, HVAC, industrial and defense.

Buy $276M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-02 Wabash Technologies

Huntington, Indiana, United States

Wabash Technologies designs and manufactures sensor and actuator products for the automotive, heavy-duty truck and off-highway sectors.

Buy -

Seller(S) 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.

DEAL STATS #
Overall 53 of 106
Sector (Semiconductors) 3 of 4
Type (Add-on Acquisition) 30 of 46
State (Washington) 2 of 2
Country (United States) 37 of 62
Year (2012) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-30 Automak

Safat, Kuwait

Automak is an independent vehicle leasing company and the premier service provider to the country's oil sector. Automak was founded in 2002 and is based in Safat, Kuwait.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-05 Fleetmatics Group

Wellesley Hills, Massachusetts, United States

Fleetmatics Group PLC is a global provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service (SaaS). The Company's solutions enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces, by extracting actionable business intelligence from real-time and historical vehicle and driver behavioral data. Fleetmatics group's Web-based solutions provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce, enabling them to reduce operating and capital costs, as well as increase revenue.

Sell -
Mergr

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