Sensata Technologies Acquires Custom Sensors & Technologies' Sensing Portfolio for Total Enterprise Value of $1B

Sensata Technologies Holding N.V.

announced today that it has reached an agreement to acquire the sensing portfolio of Custom Sensors & Technologies, Inc. ("CST") for a total enterprise value of $1.0 billion. The acquisition includes the Kavlico, BEI, Crydom and Newall product lines and brands and includes sales, engineering and manufacturing sites in the United States, the United Kingdom, Germany, France, China and Mexico that employ approximately 2,500 people, including approximately 250 engineers.  Revenue for the business being acquired was approximately $320 million during the last 12 months.  The transaction is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2015 or early 2016. Kavlico is a significant provider of mission-critical linear and rotary position sensors to aerospace OEMs and Tier One suppliers and pressure sensors to the general industrial and HVOR markets.  BEI provides harsh environment position sensors, optical and magnetic encoders and motion control sensors to the industrial, aerospace, agricultural and medical device markets.  Crydom manufactures solid state relays for power control applications in industrial markets.  Newall provides encoders and digital readouts to machinery and machine tool markets.  "The acquisition of CST's sensing portfolio is