Balmoral Funds Acquires Sensata's Insights Business Unit, Rebrands as Xirgo Technologies
September 30, 2024
An affiliate of Balmoral Funds LLC acquired Sensata Technologies' Insights business unit and rebranded it as Xirgo Technologies, establishing the unit as an independent IoT and telematics company. Balmoral will invest in R&D and market expansion while appointing IoT veteran Chris Wolfe as CEO to drive growth in IoT and AI video markets; Xirgo supports over 900 channel partners and deploys more than 1.6 million devices per year.
- Buyers
- Balmoral Funds LLC
- Targets
- Xirgo Technologies
- Sellers
- Sensata Technologies
- Industry
- Telecommunications
- Location
- Illinois, United States
- Transaction Type
- Divestiture
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