HVAC Breaking News

May 10, 2006: Texas Instruments Completes Sale of Sensors & Controls Business

May 10, 2006
/ Print / Reprints /
ShareMore
/ Text Size+
DALLAS - Texas Instruments Inc. announced that it has completed the sale of its Sensors & Controls business to affiliates of Bain Capital LLC, a leading global private investment firm, for $3 billion in cash.

The former Sensors & Controls business has adopted the name Sensata Technologies, and will continue to be headquartered in Attleboro, Mass., and maintain additional manufacturing and technology development centers located in Brazil, China, Holland, Japan, Korea, Malaysia, and Mexico, as well as sales offices around the world.

Texas Instruments expects to recognize an after-tax gain in the range of $1.6 billion to $1.7 billion from the sale in the current quarter. The sale did not include the radio frequency identification (RFID) systems operation, which remains part of Texas Instruments.

For more information on Sensata Technologies, visit www.sensata.com.

Publication date: 05/08/2006

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 ACI Home Performance Conference

The 2014 ACI National Home Performance Conference & Trade Show was held in Detroit.

Podcasts

NEWSMakers: Doug Dougherty

Doug Dougherty, president and CEO of the Geothermal Exchange Organization (GEO) joins the program to discuss the latest happenings with GEO, including the drive to get included in state and federal definitions of renewable energy, plus the future of geothermal.  Posted on July 25.

More Podcasts

ACHRNEWS

NEWS 07-28-14 cover

2014 July 28

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

R-22 PHASEOUT POLL

Some in the industry are calling for the EPA to halt production of R-22 as of 2015. What do you think?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con