Texas Instruments to sell sensors and controls business


Dallas, TXTexas Instruments (TI) has signed a definitive agreement to sell its Sensors & Controls business to affiliates of Bain Capital LLC , a global private-equity investment firm, for $3 billion cash. The deal does not include the radio frequency identification (RFID) systems operations.

The Attleboro, MA-based group supplies engineered sensors and controls to the appliance, climate control, industrial, automotive, lighting, and aircraft markets. Its revenue exceeds $1 billion annually. It employs approximately 5,400 in the Americas, Europe, and Asia. The current management team is expected to continue to lead the organization.

TI says the move will allow it to focus on high-growth, core, digital-signal-processing and analog semiconductor opportunities. Its board of directors has approved the sale. Completion should occur in the first half of 2006 and is contingent upon customary regulatory approvals.

—Control Engineering Daily News Desk
Jeanine Katzel, senior editor, jkatzel@reedbusiness.com

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me