CIG: European sensor producer Sensata completes largest clean tech IPO in 2 years.

March 16, 2010 - PRLog -- CIG has been informed that the European sensor manufacturing firm Sensata has recently completed a $569 million IPO, in what is believed to be the largest floatation this year as well as the largest clean tech IPO in the last two years.

The firm previously known as Texas Instruments Sensors and Controls produces advanced sensor technologies. Sensata is not an exclusive clean tech player but has become a major supplier of sensors to low carbon applications including solar panels and alternative fuel vehicles.

Sensors also play a critical role in many sectors efforts to improve energy efficiency, CIG was told, providing them with data on things such as lighting, air conditioning units, and generators which may be operating at higher than required levels.

Industry analysts announced that the IPO was certainly the largest for the sector since as far back as April 2008, when the U.S. utility firm American Water Works managed to raise $1,247 billion on the New York Stock Exchange.

CIG has also learned that the firms IPO was also one of somewhat few floataitons this year to largely meet expectations, which further increased optimism that the IPO market is gradually moving down the road to recovery.

Sensata is one of only a very few clean tech firms to go public in the U.S. over the last year, with the majority of IPO activity in the sector largely focused on China.

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