Sensata Technologies Announces Agreement to Acquire Sensor-NITE

Sensata Technologies Holding N.V. ST announced today that it has reached an agreement whereby certain Sensata companies will acquire the shares of Sensor-NITE Group Companies from Elex Group for euro 225 million or approximately $325 million, based on current exchange rates. Sensor-NITE is a leading manufacturer of high temperature sensors used in the exhaust after-treatment systems of diesel and leading-edge gasoline engines. The business is headquartered in Tessenderlo, Belgium, with operations and manufacturing in Sofia and Botevgrad, Bulgaria. The transaction, which is subject to regulatory review and other customary closing conditions, is expected to close in the third quarter.