Sensata Technologies Acquires Xirgo Technologies for $400M
February 12, 2021
Sensata Technologies agreed to acquire Xirgo Technologies Intermediate Holdings, LLC for $400 million to accelerate its Smart & Connected initiative and expand capabilities in telematics, IoT devices and data insight for fleet and transportation customers. Xirgo reported expected 2021 revenue above $100 million and the deal is expected to be accretive to Sensata's adjusted net income per share in 2021; the transaction closed after customary approvals in early 2021.
- Buyers
- Sensata Technologies
- Targets
- Xirgo Technologies Intermediate Holdings, LLC
- Industry
- Transportation
- Location
- California, United States
- Transaction Type
- Buyout
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