- Language: English
- 1493 Pages
- Published: March 2012
- Region: Global
Bulletin: Sensata Technologies B.V. Ratings Unaffected By Acquisition Announcement Oct 10
- Published: October 2010
- Standard & Poors
NEW YORK (Standard & Poor's) Oct. 28, 2010--Standard & Poor's Ratings Services said today that its ratings and outlook on Sensata Technologies B.V. (B+/Positive/--) are unaffected by the announcement by its holding company parent, Sensata Technologies Holding N.V. (not rated), that it has reached an agreement to acquire the 'Automotive on Board' sensors business of Honeywell International Inc. for $140 million in cash. The business generates around $130 million in sales annually. The acquisition is consistent with statements the company has made that it will pursue acquisitions to enhance its position in existing businesses, and bolsters Sensata's position as a provider of sensors to the automotive industry. Sensata said the acquisition would be funded through cash on hand and that...
Companies mentioned in this report are: Sensata Technologies B.V.,Honeywell International Inc.
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Sensata Technologies B.V.,Honeywell International Inc.