SENSATA TECHNOLOGIES INC.
History
| Year | Detail |
|---|---|
| 1916 | The company was founded as General Plate Company in Attleboro, Massachusettes, to provide gold plating for the jewelry industry. Over the years, the company evolved, diversifying its offerings and becoming a significant player in developing sensing technologies. |
| 1931 | The company merged with Spencer Thermostat Company, marking a significant step in its evolution, expanding its expertise beyond gold plating into the production of thermostatic devices. |
| 1959 | The company merged with Texas Instruments, expanding its technological capabilities, allowing for greater innovation, and setting a mark for eventual emergence. |
| 2005 | The company launched Micro-Electro-Mechanical Systems pressure sensors specifically designed for diesel particulate filters, which was crucial for the automotive industry. |
| 2006 | Bain Capital purchased the company from Texas Instruments and rebranded it as Sensata Technologies, allowing it to operate as an independent entity focused on developing advanced sensing and control solutions. |
| 2008 | Sensata launched a force sensor designed for electrochemical braking-by-wire systems for the automotive industry as the technology replaces traditional hydraulic braking systems with electronic controls. |
| 2013 | The company launched an oil-filled MEMS sensor designed for industrial applications. The design helped protect the MEMS sensor from external contaminants and extreme conditions, ensuring durability and performance. |
| 2015 | The company acquired Custom Sensors & Technologies Inc.'s sensing portfolio, which included the Kavlico, BEI, Crydom, and Newall product lines and brands and sales, engineering, and manufacturing sites in the U.S., the U.K., Germany, France, China, and Mexico. |
| 2016 | Sensata partnered with Quanergy Systems Inc., the provider of solid-state LiDAR sensors and innovative sensing solutions, to advance the development and commercialization of Quanergy’s LiDAR technology. |
| 2017 | Sensata Technologies established a new testing facility in Bulgaria for durability testing, research and development, field failure analysis, and equipment development for the company’s automotive sensing technology. |
| 2018 | The company divested its valves business to Pacific Industrial Co. Ltd. for an enterprise value of approximately $173 million. |
| 2018 | The company acquired privately-held GIGAVAC, LLC, for approximately $233 million for high-voltage contactors required in electrified products such as cars, delivery trucks, buses, material handling equipment, and charging stations. |
| 2019 | The company launched a new compact, 3-phase DR67 and PM67 solid-state relays ideal for use in applications such as pump controls, HVAC&R, industrial ovens, plastic injection, molding, food processing equipment, and packaging equipment. |
| 2021 | Sensata acquired SmartWitness Holdings Inc., a privately held innovator of video telematics technology for commercial fleets, to expand its portfolio into capturing highly accurate data from the field through video and event re-creation, an increasingly important capability and fast-growing market segment. |
| 2021 | The company acquired Spear Power Systems, which developed scalable lithium-ion battery storage systems for land, sea, and air applications to expand its comprehensive energy storage solutions portfolio to OEM customers in specialty transportation markets. |
| 2022 | Sensata and Xirgo partnered with Ossia to create the Xirgo OTAC Tracker, a user-friendly asset-tracking solution for monitoring high-value remote assets. |
| 2022 | The company collaborated with NIRA Dynamics AB to deliver a Tread Depth Monitoring (TDM) ‘virtual sensor’ system for automotive OEMs that optimizes tire health and improves vehicle safety, efficiency, and uptime. |
| 2022 | The company sold its Qinex semiconductor thermal test and control business to Boyd Corporation for a total consideration of $219 million, including a small secondary closing. |
| 2022 | The company acquired Dynapower Company LLC, a provider of energy storage and power conversion solutions, from private equity firm Pfingsten Partners for $580 million in cash to expand its energy storage and power conversion solutions portfolio. |
| 2023 | Sensata launched the Sensata INSIGHTS Proprietary Platform, which includes proprietary hardware and software platforms for applying powerful machine learning and artificial intelligence to derive key insights. |
| 2023 | The company launched the Sensata Resonix RGD sensor, the first leak detection sensor with UL certification for multiple A2L refrigerant gases used in heating, ventilation, and air conditioning (HVAC) equipment. |
| 2024 | The company established its new, custom-designed Danish headquarters in Copenhagen to support its global development of battery management systems for the automotive, industrial, energy storage, and heavy vehicle markets. |
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