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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 ....
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 ....
Sensata Technologies Completes Acquisition of Xirgo Technologies apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.