Pacific Industrial Co., Ltd. (TSE:7250) entered into an agreement to acquire Schrader-Bridgeport International, Inc and Schrader SAS from Sensata Technologies, Inc. and Sensata Technologies France SAS for approximately $170 million on May 22, 2018. The consideration is paid on cash free and debt free corporate value. Sensata’s Tire Pressure Monitoring Business and the Global TPMS Aftermarket business are not part of this transaction and will remain with Sensata. Schrader-Bridgeport International, Inc and Schrader SAS will operate as subsidiaries for Pacific. For the full year 2017, the valves business generated approximately $117 million in revenue and $20 million in adjusted EBIT. The transaction is subject to customary legal and regulatory requirements. Board of Directors Pacific Industrial Co., Ltd. resolved the acquisition on May 22, 2018. The deal is expected to close in July 2018. The sale will further fund Sensata’s capital deployment initiatives, particularly as it relates to the repurchase of its shares. The deal is expected to close by the end of the third quarter 2018. Mitsuhiro Kamiya, Akira Kumaki, Thomas Perrot, Arash Attar-Rezvani, Kenneth Schwartz, Louis Artime, Yukie Nakagawa, Stephanie Stein, Thomas Pak, Arash Attar-Rezvani, Marion Gauvain, Corentin Charlès, Stéphanie Stein, Nicolas Etcheparre, Carine Louyot and Blanche Savary de Beauregard of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Pacific Industrial Co., Ltd. Roy Arakelian, Olivier Chapalain, Denis Agranier, Sarah Bouamoud, Thierry Jestin and Arnaud Giroire of Société PDGB Avocats and Nixon Peabody LLP acted as the legal advisors to Sensata. Lincoln International LLC acted as financial advisor to Sensata Technologies, Inc. Pacific Industrial Co., Ltd. (TSE:7250) completed the acquisition of Schrader-Bridgeport International, Inc and Schrader SAS from Sensata Technologies, Inc. and Sensata Technologies France SAS on August 31, 2018.