Sensata Technologies’ Acquisition of Spear Power Systems, Inc.

Wilson Sonsini Goodrich & Rosati advised Spear Power Systems, Inc. on the deal while Jones Day advised Sensata Technologies.

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, 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.

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 included: Rich Mullen (Picture), Bob O’Connor, Brady Berg, Piper Miles-Coccaro, Sean Semmler, Katie Barnes, Manja Sachet, Rodrigo Valle, Dave Strong, Nika Antonikova, Michelle Wallin, Michael Montfort, Rebecca Stuart, Stephen Heifetz, Joshua Gruenspecht, Heather Curlee, Anne Seymour, Jonathan Davey, Tarek Helou and Seth Cowell.

The Jones Day team was led by Evan Kanter and Randi Lesnick.

Involved fees earner: Evan Kanter – Jones Day; Randi Lesnick – Jones Day; Nika Antonikova – Wilson Sonsini Goodrich & Rosati; Katie Barnes – Wilson Sonsini Goodrich & Rosati; Braden Berg – Wilson Sonsini Goodrich & Rosati; Seth Cowell – Wilson Sonsini Goodrich & Rosati; Heather Curlee – Wilson Sonsini Goodrich & Rosati; Jonathan Davey – Wilson Sonsini Goodrich & Rosati; Joshua Gruenspecht – Wilson Sonsini Goodrich & Rosati; Stephen Heifetz – Wilson Sonsini Goodrich & Rosati; Tarek Helou – Wilson Sonsini Goodrich & Rosati; Piper Miles-Coccaro – Wilson Sonsini Goodrich & Rosati; Michael Montfort – Wilson Sonsini Goodrich & Rosati; Rich Mullen – Wilson Sonsini Goodrich & Rosati; Bob O’ Connor – Wilson Sonsini Goodrich & Rosati; Manja Sachet – Wilson Sonsini Goodrich & Rosati; Sean Semmler – Wilson Sonsini Goodrich & Rosati; Anne Seymour – Wilson Sonsini Goodrich & Rosati; David Strong – Wilson Sonsini Goodrich & Rosati; Rebecca Stuart – Wilson Sonsini Goodrich & Rosati; Rodrigo Valle – Wilson Sonsini Goodrich & Rosati; Michelle Wallin – Wilson Sonsini Goodrich & Rosati;

Law Firms: Jones Day; Wilson Sonsini Goodrich & Rosati;

Clients: Sensata Technologies; Spear Power Systems, Inc.;

Martina Bellini

Author: Martina Bellini