PRINT THIS PAGE Bain Capital to acquire Sensors & Controls business of Texas Instruments for $3bn10/01/2006. Source: AltAssets. 
US buy-out firm Bain Capital has agreed to acquire Texas Instruments' Sensors & Controls business for $3bn in cash. Sensors & Controls - headquartered in Attleboro, Massachusetts - supplies engineered sensors and controls to the appliance, climate control, industrial, automotive, lighting, and aircraft markets. Sensors & Controls has about 5,400 employees in the Americas, Europe and Asia.
Steve Zide, a managing director at Bain Capital, said, 'Sensors & Controls is a market leader that enjoys long-standing customer relationships and is geographically diversified with greater than 50 per cent of its sales generated outside North America.
'We are enthusiastic about Sensors & Controls' future, and look forward to supporting the management team's plan to continue the company's growth and realise its long-term potential,' Zide continued.
Thomas Wroe, Jr., the president of Sensors & Controls, and the current management team will continue to lead the organisation. The sale will not include the radio frequency identification systems operations, which will remain part of Texas Instruments.
Bain Capital manages several pools of capital including private equity, venture capital, public equity and leveraged debt assets with more than $27bn in assets under management.
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