Sensata To Acqure DeltaTech Controls In $190 Mln Deal - Quick Facts

(RTTNews) - Sensata Technologies Holding N.V. (ST), a maker of sensors and controls for cars and airplanes, Monday said its unit has agreed to acquire DeltaTech Controls for a total enterprise value of $190 million.

Sensata expects the transaction be add modestly to earnings in 2014, and provide $0.11 to $0.13 per share of accretion once DeltaTech is fully integrated.

DeltaTech manufactures electronic operator controls based on magnetic position sensing technology for industries ranging from construction to medical equipment

"DeltaTech Controls is well-aligned to our core business and expands Sensata's ability to grow content beyond automotive with key new and existing customers in the heavy vehicle and off-road market," said Martha Sullivan, CEO of Sensata.

The acquisition is scheduled to close by the end of the third quarter.