Jun 15, 2011
Sensata Technologies Holding (NYSE:ST) announced today that it has reached an agreement to acquire the Sensor-NITE Group Companies from Elex Group for approximately $325 million.
Sensor-NITE is a leading manufacturer of high temperature sensors used in the exhaust after-treatment systems of diesel and some gasoline engines. It's headquartered in Belgium, and has operations in Bulgaria.
Sensata Technologies has a potential upside of 7.8% based on a current price of $33.92 and an average consensus analyst price target of $36.57.
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