ATTLEBORO, Mass. – The purchase of Texas Instruments’ Sensors & Controls business was completed Thursday by Bain Capital, a global private investment firm based in Boston, for $3 billion.
The sale creates a stand-alone company, Sensata Technologies Inc., which is headquartered in Attleboro, Mass., with additional manufacturing and technology development centers in Brazil, China, Holland, Japan, Korea, Malaysia and Mexico, and sales offices around the world. Worldwide, the company employs 5,400 people, including 3,750 in the Americas, 1,350 in Asia and 300 in Europe.
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Sensata provides customers in the global automotive, appliance, aircraft, industrial and HVAC markets with sensing and protection products. Sensata was founded 90 years ago as General Plate Co. in Attleboro and merged with Texas Instruments in 1959. Over the years, the company has had several different names and configurations, according to Sensata President and Chief Executive Officer Tom Wroe.
“Although some things are changing – such as our name and logo – most things are not, including our locations and our people,” said Wroe. “The message here is one of stability and consistency.”
“As a stand-alone company, we will be in a better position to pursue growth than we were as a non-strategic division of a large semiconductor company,” he added.
Sensata is a Latin word meaning “those things gifted with sense.”
