US semiconductor manufacturer Texas Industries has agreed to sell its Sensors & Controls business to private equity firm Bain Capital for $3 billion in cash. With annual sales exceeding $1 billion, the business produces a wide range of components for aircraft, automotive, industrial and other markets.
In the commercial and military aircraft markets, under the brand name Klixon, Sensors & Controls produces circuit breakers, precision thermostats and pressure switches, and airflow sensors for avionics cooling. The Attleboro, Massachusetts-based company is developing arc-fault circuit protection technology for aircraft. TI says the sale will allow it to focus on the digital signal-processing and analogue semiconductor markets.
Source: Flight International