Texas Instruments announced the signing of a definitive agreement to sell its Sensors & Controls business to affiliates of Bain Capital a private equity investment firm, for $3.0 billion in cash. Sensors & Controls, which is headquartered in Attleboro, Mass., supplies engineered sensors and controls to the appliance, climate control, industrial, automotive, lighting, and aircraft markets. With revenue exceeding $1 billion annually, Sensors & Controls has about 5,400 employees in the Americas, Europe and Asia. The sale will not include the radio frequency identification (RFID) systems operations, which will remain part of Texas Instruments. Thomas Wroe, Jr., the president of Sensors & Controls, and the current management team will continue to lead the organization. TI’s Board of Directors has approved the sale, which is expected to be completed in the first half of 2006.