Sensata Technologies Seeks $632 Million IPO

March 1, 2010 – Netherlands based Sensata Technologies Holding NV has filed a registration statement for an initial public offering with the US Securities and Exchange Commission (SEC) to raise up to $632 million. 

Sensata designs, manufactures, and markets a wide range of highly engineered electromechanical and electronic sensors and controls. The company’s devices are customized for a number of applications in the automotive, commercial climate, commercial appliance and industrial markets. The company manufactures over 20,000 different products and ships over one billion units each year for companies including Ford Motor Co. and Samsung Electronics Co.

The company is seeking to sell 31.6 million shares at between $18 to  $20 per share.