TI completes $3B sale of sensors unit

April 28, 2006 – Texas Instruments Inc. has completed the $3.0 billion sale of its former sensors and controls business to affiliates of private equity firm Bain Capital LLC. The Dallas, TX-based chipmaker expects to report an after-tax gain of $1.6-$1.7 billion from the sale, recorded as part of its current fiscal quarter. The deal did not include TI’s radio-frequency identification (RFID) systems business.

Sensata Technologies Inc., the newly named sensors entity, will be headquartered in Attleboro, MA, with manufacturing and technology development facilities in Brazil, China, Holland, Japan, Korea, Malaysia, and Mexico.


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