Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 70

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 70
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141,396 Asia and rest of world375,355 378,357 Property, plant and equipment, net$812,284 $821,653  March 31,2025December 31,2024Property, plant and equipment, net:United States$116,260 $121,783 China259,293 266,104 Mexico179,402 179,980 Bulgaria104,725 108,093 United Kingdom24,471 21,147 Malaysia111,565 108,118 All other16,568 16,428 Property, plant and equipment, net$812,284 $821,653 

19

16. Disposals

Insights BusinessIn August 2024, we executed a purchase agreement whereby we agreed to sell the Insights Business to an affiliate of Balmoral Funds ("the Buyer"). The closing of the transaction ("Closing") occurred in the third quarter of 2024, at which time net assets  transferred to the Buyer. Concurrent with the Closing, the parties entered into a Transition Services Agreement ("TSA") and a Supply Agreement.  The terms of the TSA require that we provide various forms of commercial, operational, and back-office support to the Buyer. The Supply Agreement commenced at Closing and has a term of five years or less. The terms of this agreement require that we sell certain tire pressure monitoring system products to the Buyer over the term of the agreement. For the three months ended March 31, 2024, the Insights Business was included in our Other segment. Magnetic Speed and Position Business ("MSP Business")

In November 2024, we executed a purchase agreement whereby we agreed to sell the MSP Business to a third party. The closing of the transaction occurred in the first quarter of 2025, at which time net assets transferred to the Buyer. 

17. Subsequent Events

On April 6, 2025, we experienced a ransomware incident that encrypted certain devices in our network. Upon discovery, we immediately activated our response protocols, implemented containment measures, including proactively taking our network offline, and launched an investigation with the assistance of third-party cybersecurity professionals. In coordination with legal counsel, we have notified law enforcement about the matter and are supporting its investigation.

The incident temporarily impacted our operations, including shipping, receiving, manufacturing production, and various other support functions to varying degrees over approximately a two-week period. Our ongoing investigation has identified evidence that files were taken from our