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Posted January 13th, 2021 for Sensata 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.
Over the past three months, shares of Sensata Technologies (NYSE:ST) increased by 21.32%. Before we understand the importance of debt, let us look at .