- Sensata Technologies, acquires Xirgo Technologies Intermediate Holdings, LLC, a Camarillo, CA-based telematics and data insight provider, for $400m
- Sensata and Xirgo expect to complete the transaction during the first quarter of 2021
- The deal subject to clearance under the Hart-Scott-Rodino Act and other customary closing conditions
- The acquisition of Xirgo brings complementary capabilities and accelerates Sensata’s strategy to expand beyond OEMs and address the broader fleet ecosystem
- Xirgo also provides innovative wireless IoT communication devices for a wide range of applications across multiple markets
- Xirgo’s annual revenue expected to exceed $100m in 2021 with projected revenue growth in excess of 20% over the next several years
