Sensata Technologies (ST) has entered into an agreement with Pacific Industrial Co., Ltd. (Pacific) to sell its valves business for a total enterprise value of approximately USD 173M.
Sensata’s valves business manufactures mechanical valves for pressure applications in tires and fluid control, and assembles tire hardware aftermarket products with manufacturing locations in the United States and Europe. The valves business was acquired as part of Sensata’s acquisition of the Schrader group of companies in 2014. Sensata’s Tire Pressure Monitoring Business and the Global TPMS Aftermarket business (Schrader Performance Sensors) are not part of this transaction and will remain with Sensata.