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Sensata Technologies Reports First Quarter 2021 Financial Results


Sensata Technologies Reports First Quarter 2021 Financial Results
Record first quarter revenues demonstrate strong recovery
Sensata Technologies (NYSE: ST), a global industrial technology company and leading provider of sensor-rich solutions that create insights for customers, today announced financial results for its first quarter ended March 31, 2021.
Operating results for the first quarter of 2021 compared to the first quarter of 2020 are summarized below. These results include non-GAAP financial measures, each of which is defined and reconciled to the most directly comparable GAAP measure later in this press release.
Revenue:
Revenue was a record $942.5 million, an increase of $168.3 million, or 21.7%, compared to $774.3 million in the first quarter of 2020. ....

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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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Sensata Technologies Holding plc : Announces Redemption of 6.250% Senior Notes due 2026 by Sensata Technologies UK Financing Co. plc

Sensata Technologies Holding plc today announced that its indirect wholly owned subsidiary, Sensata Technologies UK Financing Co. plc , intends to redeem in full all $750,000,000 in aggregate. | February 5, 2021 ....

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