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Sensata Technologies completes $400M acquisition - Providence Business News


Sensata Technologies completes $400M acquisition
SENSATA TECHNOLOGIES has acquired Xirgo Technologies for $400 million. / COURTESY SENSATA TECHNOLOGIES
ATTLEBORO – Sensata Technologies Holding PLC on Monday announced the acquisition of Xirgo Technologies Intermediate Holdings LLC for $400 million.
The acquisition adds roughly 160 sales, engineering and manufacturing employees in the United States and Lithuania, including more than 75 engineers to Sensata, which manufactures sensing, electrical protection and control and power management solutions.
Xirgo Technologies is a telematics and data insight provider headquartered in Camarillo, Calif.
“This acquisition meaningfully advances Sensata’s Smart & Connected megatrend-focused growth initiative for transportation and logistics end-markets,” said Jeff Cote, Sensata Technologies CEO and president. “We are excited to welcome our new Xirgo colleagues to Team Sensata, as we work together to deliver a broad ....

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Sensata Technologies Completes Acquisition of Xirgo Technologies


Sensata Technologies Completes Acquisition of Xirgo Technologies
Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions that create insight for customers, today announced that it has completed the previously announced acquisition of leading telematics and data insight provider, Xirgo Technologies Intermediate Holdings, LLC ( Xirgo ) for $400 million.
Sensata completed the acquisition of 100% of the shares from private equity firm HKW and other shareholders following receipt of regulatory approval from all authorities required by the agreement. The acquisition includes approximately 160 sales, engineering and manufacturing employees in the United States and Lithuania including more than 75 engineers.
This acquisition meaningfully advances Sensata s Smart Connected megatrend-focused growth initiative for transportation and logistics end-markets. We are excited to welcome our new Xirgo colleagues to Team Sensata a ....

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M&A Private Equity Firms Take Data and Analytics to the Next Level


March 19, 2021
Private equity firms covet data and analytics businesses that combine elements of providing data, analytics for that data, and software to incorporate the analysis for their clients, says
Trent Hickman, managing director of
VSS, a New York-based lower-middle-market private equity firm.
“It’s not just having a ton of raw data,” he says. “It’s being able to use that data and easily pull out insights that are actionable. An ideal business would incorporate all three elements, and when you can do that you will become mission-critical for your customers.”
Trent Hickman
PE firms like the fact that the revenues for companies in the sector are frequently mission-critical and subscription-based, Hickman says. ....

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