Sensata Technologies Holding plc (NYSE:ST) acquired Elastic M2M Inc. on February 11, 2022.

Sensata Technologies Holding plc (NYSE:ST) completed the acquisition of Elastic M2M Inc. for $81.6 million on February 11, 2022. Sensata Technologies shall pay an aggregate cash purchase price of $51.6 million, subject to certain post-closing items. In addition to the aggregate cash purchase price, the previous shareholders of Elastic M2M are entitled to up to $30 million additional acquisition-related incentive compensation. Evan A. Kanter of Jones Day acted as legal advisor to Sensata Technologies Holding plc in the transaction. Sensata assumed $8.222 million of liabilities and $1.597 million cash and cash equivalents of Elastic M2M Inc.