Industrial technology firm Sensata Technologies has acquired energy storage and conversion solutions company Dynapower Co. for $580 million in cash.
Private equity fund Pfingsten Partners financed the acquisition.
Dynapower has a wide product portfolio of energy storage and power conversion solutions, including converters, rectifiers, inverters and custom transformers for renewable energy, microgrid, and EV charging stations.
“We are very pleased to bring Dynapower’s leading energy storage and power conversion solutions into Sensata’s portfolio through this acquisition,” said Jeff Cote, CEO and President of Sensata Technologies. “Dynapower enables us to deliver highly engineered, mission-critical power conversion solutions to fast growing renewable energy storage, electric vehicle charging, industrial and defense customers and provide a foundational piece to accelerate our Electrification growth vector.”.
