Sensata Technologies has acquired Preco Electronics, a maker of vehicle safety technology. The move will extend Sensata’s capabilities in vehicle collision avoidance systems for industrial and heavy vehicle on/off-road markets, according to Preco’s announcement of the deal.
“The acquisition of Preco Electronics further extends Sensata’s sensing content into areas related to the autonomous megatrend and builds scale in heavy-duty vehicle markets,” said Jeff Cote, Sensata CEO/president, in a prepared statement. “We are confident that we can capitalize on the many growth opportunities on the horizon, as we strengthen our go-to-market capabilities and build on Preco’s global reputation as the industry leader in collision mitigation and avoidance technology optimized for heavy-duty vehicles and equipment.”
Preco products include PreView Xtreme, Side DefenderII, and SentryX.
Said Jim Bean, head of Preco, in a statement:
“We are excited to become a part of the Sensata family. Sensata’s global organization will leverage Preco’s leadership in heavy-duty radar solutions to accelerate worldwide growth. The cultural fit, coupled with Sensata’s commitment to customer excellence, is a perfect match.”
Source: Preco Electonics
