On August 23, 2021, Spear Power Systems Inc., a leader in the development and production of advanced energy storage solutions for demanding applications in a variety of defense/aerospace and industrial applications, announced it has entered into an agreement to be acquired by Sensata Technologies, a leading industrial technology company and provider of sensor-rich solutions and insights for customers. Wilson Sonsini Goodrich & Rosati is representing Spear Power Systems in the transaction.
Since its founding, Spear Power Systems has been a leader in electrification solutions by developing next generation scalable lithium-ion battery storage systems for demanding land, sea, and air applications. The acquisition of Spear Power Systems advances Sensata’s electrification portfolio and strategy into new clean energy markets. Spear Power Systems expands on Sensata’s acquisition of Lithium Balance in battery management systems and provides energy storage solutions for OEMs and system integrators in fast-growing end markets that offer significant growth opportunities.
Financial terms of the transaction have not been disclosed. Sensata and Spear Power Systems expect to complete the transaction during the fourth quarter of 2021.
The Wilson Sonsini team representing Spear Power Systems in the transaction includes:
M&A
Rich Mullen
Corporate
Bob O’Connor
Brady Berg
Sean Semmler
Katie Barnes
Technology Transactions
Manja Sachet
Employee Benefits
Michelle Wallin
Michael Montfort
Employment
Rebecca Stuart
CFIUS / Regulatory & Export Control
Stephen Heifetz
Joshua Gruenspecht
Anne Seymour
Jonathan Davey
Anti-Corruption
Tarek Helou
Seth Cowell
For more information, please see Spear Powers Systems’ press release.