Sensata Technologies Holding plc (NYSE:ST) entered into an agreement to acquire SmartWitness Holdings, Inc. for approximately $190 million on October 4, 2021. SmartWitness will be integrated into the Performance Sensing reportable segment. SmartWitness team, representing more than 85 highly experienced product, engineers, sales and other professionals across the U.S., Bulgaria and the U.K., will be joining Sensata. The transaction is subject to clearance under the Hart-Scott-Rodino Act and other customary closing conditions. Sensata and SmartWitness expect to complete the transaction during the fourth quarter of 2021.

Sensata Technologies Holding plc (NYSE:ST) completed the acquisition of SmartWitness Holdings, Inc. for approximately $210 million on November 19, 2021. As per the terms of the transaction, Sensata Technologies paid an aggregate of $204.2 million, subject to certain post-closing items. In addition to the aggregate consideration, Sensata Technologies paid $8.6 million of cash at closing related to an employee retention arrangement.