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