Sensata Technologies (NYSE: ST), a leading industrial technology company that develops sensors, sensor-based solutions, including controllers and software, and other mission-critical products to create valuable business insights for customers and end users, today announced the majority acquisition of Denmark-based Lithium Balance.
This strategic acquisition advances Sensata’s megatrend driven opportunities in Electrification. Founded in 2006, Lithium Balance has pushed lithium-ion battery-based technology forward by developing, manufacturing and selling Battery Management Systems (BMS).
As a combined entity, Sensata will be able to leverage its own extensive customer base of large OEMs and Lithium Balance’s proven industrial relationships and technology to accelerate efforts in electrification and Battery Management Systems.
Commenting on the acquisition, Vineet Nargolwala, Executive Vice President, Sensing Solutions at Sensata Technologies, says:
We are pleased that the talented Lithium Balance team is now part of Sensata. We have already seen great benefits from our close collaboration in developing common technology solutions for the benefit of our customers. The acquisition enables us to deliver more comprehensive battery management solutions across a wide range of electrification applications in a variety of industrial and transport markets.
Lithium Balance’s Xolta brand, which provides fully modular, cloud connected energy storage systems (ESS) for industrial and residential uses will also help expand Sensata’s portfolio of solutions for customers.
For more information on Lithium Balance, visit lithiumbalance.com.