ST - Mergers and acquisitions

An affiliate of Balmoral Funds LLC has successfully acquired and rebranded Sensata Technologies' (NYSE:ST) Insights business unit as Xirgo Technologies. This strategic move establishes Xirgo as an independent leader in IoT solutions, primed for accelerated growth and innovation. Chris Wolfe, an IoT industry veteran with extensive leadership experience, including roles as CEO of PowerFleet and President of OmniTRACS, has been appointed CEO of Xirgo Technologies. Xirgo Technologies is renowned for its advanced IoT solutions, including Xirgo-branded vehicle and asset telematics hardware, SmartWitness AI driver cameras, and Elastic M2M enterprise-class software. These solutions empower telema

Extending Boyd's Innovation Capability in the Rapidly Growing Semiconductor Industry Boyd, a world-leading innovator of technologies in engineered materials and thermal management, announced it acquired Sensata's Thermal Test and Controls Business (NYSE:ST). This business specializes in the design and manufacturing of advanced thermal control systems, adapters, and sockets critical to the thermal test process for high-end logic and memory semiconductors. With a long history of serving leading global semiconductor companies, the addition complements Boyd's existing thermal business, which includes air and liquid cooled thermal management technologies. Boyd designs and manufactures complex

Sensata Technologies (NYSE:ST) today announced the acquisition of Elastic M2M Inc., a privately-held innovator of connected intelligence for operational assets across heavy-duty transport, warehouse, supply chain and logistics, industrial, light-duty passenger car, and a variety of other industry segments. Elastic M2M primarily serves telematics service providers ("TSPs") and resellers, enabling them to leverage Elastic M2M's cloud platform and analytics capabilities to deliver sensor-based operational insights to their end users. Financial terms of the transaction were not disclosed. Since its founding in 2013, Elastic M2M has been a pioneer in delivering flexible, scalable, cost-effectiv

Sensata Technologies (NYSE:ST), a leading industrial technology company and provider of sensor-rich solutions and insights for customers, today announced the acquisition of Sendyne Corp, a leading developer of sensing and simulation technologies for next generation e-mobility. Since its founding in 2010, New York-based Sendyne has been a leader in the development and deployment of innovative computer chips and modules for electric vehicles, charging stations and stationary battery storage. These include a family of products for precise current and voltage measurement that enable superior, reliable EV performance and battery life; a unique, regulatory-required safety device capable of detec

KANSAS CITY, Mo., Nov. 30, 2021 /PRNewswire/ -- Spear Power Systems, Inc. announced the signing of a multi-year agreement with Blue Origin, the space company with the vision of enabling a future where millions of people are living and working in space to benefit Earth. The agreement will provide Blue Origin with a reliable domestic supply of one of the world's most advanced aerospace batteries. Spear's American-made battery systems will be installed on Blue Origin's New Glenn heavy-lift orbital reusable launch vehicle. Jeff Kostos, Spear's CEO, expressed enthusiasm about the

Sensata Technologies (NYSE:ST) today announced the acquisition of SmartWitness Holdings, Inc., a privately-held innovator of video telematics technology for commercial fleets. The SmartWitness platform is comprised of proprietary software and hardware that is purpose-built for the indirect channel of resellers and telematics service providers ("TSPs"), enabling them to provide fleet end users with greater operational insights while making roads safer for drivers everywhere. Since its founding in 2007, SmartWitness has been a pioneer in video telematics that expand on traditional offerings using artificial intelligence and machine learning to provide contextually aware data that enhances th

Sensata Technologies (NYSE:ST), a leading industrial technology company and provider of sensor-rich solutions and insights for customers, today announced the acquisition of Spear Power Systems, a leader in lithium-ion based energy storage solutions for mission-critical and demanding end user applications. Since its founding in 2013, Spear Power Systems has been a leader in electrification solutions by developing next generation scalable lithium-ion battery storage systems for demanding land, sea and air applications. Spear Power Systems' energy storage systems are cell-agnostic and include proprietary battery management and monitoring for all lithium-ion chemistries from multiple battery s

SWINDON, England--(BUSINESS WIRE)--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

SWINDON, United Kingdom--(BUSINESS WIRE)--Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions that create insight for customers, today announced the acquisition of leading telematics and data insight provider, Xirgo® Technologies Intermediate Holdings, LLC (“Xirgo”) for $400 million, or approximately 16.0x 2021 EBITDA. Xirgo’s annual revenue is expected to exceed $100 million in 2021 with projected revenue growth in excess of 20% over the next several years. The transaction is expected to be accretive to Sensata’s adjusted net income per share in 2021. Through its Smart & Connected initiative Sensata has developed modular