Sensata Technologies to buy Dynapower

Sensata Technologies, which has a broad portfolio of sensors, electrical protection components and sensor-rich solutions, has agreed to acquire Dynapower Company LLC a provider of energy storage and power conversion systems to advance a resilient clean energy future from private equity firm Pfingsten Partners for $580 million in cash.

Sensata and Dynapower expect to complete the transaction early in the third quarter of 2022.

Dynapower’s DPS-i is a fully integrated DC coupled battery energy storage system designed to provide storage for central inverter-based solar power plants. (Photo: Dynapower)

Founded in 1963 and based in Vermont, Dynapower provides energy storage and power conversion systems including inverters, converters, rectifiers and custom transformers for renewable energy generation, green hydrogen production, electric vehicle charging stations, and microgrid applications, as well as industrial and defense applications. Dynapower also provides aftermarket sales and service to maintain and monitor an installed base of equipment at customer locations.

The acquisition of Dynapower is expected to be a foundational addition to Sensata’s Clean Energy Solutions strategy and complements Sensata’s recent acquisitions of Gigavac, Lithium Balance and Spear Power Systems.

“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 systems to fast growing renewable energy storage, industrial and defense customers and help drive our Electrification growth vector.”

“My entire leadership team and I are very excited about joining forces with Sensata, leveraging their global resources to further scale our great business and accelerate the transition to green energy,” said Adam Knudsen, Dynapower’s CEO.