Benzinga | Dec 9, 2021 09:45PM EST

Sensata Technologies Announces Acquisition Of Sendyne Corp.; No Terms Disclosed

Sensata Technologies (NYSE:ST), a leading industrial technology company and provider of sensor-rich solutions and insights for customers, today announced the acquisition of Sendyne Corp, a leading developer of sensing and simulation technologies for next generation e-mobility.

Since its founding in 2010, New York-based Sendyne has been a leader in the development and deployment of innovative computer chips and modules for electric vehicles, charging stations and stationary battery storage. These include a family of products for precise current and voltage measurement that enable superior, reliable EV performance and battery life; a unique, regulatory-required safety device capable of detecting potential electrical hazards; as well as the first physics-based virtual battery for energy system development and optimization. These technologies are supported by extensive intellectual property as evidenced by over 28 US and international patents.

The acquisition of Sendyne advances Sensata's electrification component portfolio and strategy and expands on Sensata's recent acquisitions of Gigavac, Lithium Balance and Spear Power Systems. Sendyne's electrification components are used to solve key current and voltage measurement and isolation challenges of leading automotive OEMs. Current sensing and insulation monitoring devices are also critical components of charging stations, high voltage distribution units and full energy storage solutions that are an important piece of the electrification of many other industries, including heavy vehicles, specialty transportation and industrial applications. Financial terms of the transaction were not disclosed.

"We are pleased that the talented Sendyne team, including highly experienced engineers, will be joining Sensata," said George Verras, SVP, Chief Technology Officer at Sensata Technologies. "Sendyne enables us to deliver a more comprehensive electrification product portfolio and will help drive our electrification growth vector and accelerate our Electrification strategy."

"Sensata's leadership in cutting edge solutions for automotive performance sensing, its impressive Tier One manufacturing capabilities and its holistic operational expertise makes us very excited to join them in moving forward to a comprehensive electrified future," says John Milios, Sendyne's founder and CEO.