Sensata Technologies (NYSE: ST) has completed its acquisition of Spear Power Systems.
Spear is a developer of next generation scalable lithium-ion battery storage systems for land, sea and air applications. The firm’s energy storage systems are cell-agnostic and include proprietary management and monitoring for lithium-ion chemistries for multiple battery suppliers.
The firm offers high energy density, modular architecture, light weight, and extreme safety and reliability in its product and service offerings.
“The acquisition of Spear Power Systems enables us to deliver more comprehensive energy storage solutions to our OEM customers in specialty transportation markets,” said Jeff Cote, Sensata CEO. “These capabilities will be strong additions to our product portfolio and will help drive our electrification growth vector and accelerate our clean energy strategy.”