Sensata Technologies Closes Acquisition of Airpax Holdings

Sensata Technologies, Inc. closed its previously announced acquisition of Airpax Holdings, Inc., a manufacturer of power protection, sensing, and control components. The purchase price was $276 million, funded with cash and new borrowings including a euro 141 million senior subordinated term loan arranged by Morgan Stanley, Bank of America, and Goldman Sachs.

“Sensata Technologies, Inc., a wholly-owned, indirect subsidiary of Sensata Technologies B.V., today announced that it has closed the previously announced acquisition of Airpax Holdings, Inc., a manufacturer of components and systems for power protection, sensing and control applications.”

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