Sensata Technologies Acquires Spear Power Systems

August 23, 2021

Sensata Technologies has agreed to acquire Spear Power Systems, a Grandview, Missouri-based developer and manufacturer of advanced energy storage systems, to advance Sensata's electrification strategy. The deal (financial terms undisclosed) brings Spear's team — including more than 40 engineers — and its battery management and energy storage capabilities into Sensata to expand its clean energy and OEM solutions.

Buyers
Sensata Technologies
Targets
Spear Power Systems
Sellers
Emerald Technology Ventures, Evergy Ventures, Energy Innovation Capital, ABB Technology Ventures, Nabtesco Technology Ventures, Chevron Technology Ventures, Demetree Investors, Curran Companies, KCRise Fund, Foley Industries
Industry
Energy
Location
Missouri, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.