Latham & Watkins Advises Sensata Technologies in its Definitive Agreement to Acquire Xirgo Technologies

A corporate deal team represents the industrial technology company in the transaction.

February 12, 2021

Sensata Technologies (NYSE: ST), an industrial technology company and provider of sensor-rich solutions that create insight for customers, has announced the acquisition of telematics and data insight provider, Xirgo® Technologies Intermediate Holdings, LLC (Xirgo) for US$400 million, or approximately 16.0x 2021 EBITDA. Xirgo’s annual revenue is expected to exceed US$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.

Latham & Watkins LLP represents Sensata Technologies in the transaction with a corporate deal team led by Boston partner Hans Brigham, with associate Stefanie Vincent. Advice was also provided on tax matters by Bay Area partner Grace Lee, with Boston associate Jeremiah Cowen; on benefits and compensation matters by New York partner Austin Ozawa, with Chicago associates Leah Segall and Jina Davidovich; and employment matters by Chicago counsel Nineveh Alkhas; on intellectual property matters by Boston partner Charles Sanders; on data privacy matters by London partner Fiona Maclean and Bay Area counsel Heather Deixler, with London associate Victoria Wan; on insurance matters by Los Angeles partner Drew Levin, with Los Angles associate Harrison White; and on antitrust matters by Washington, D.C. counsel Patrick English, with New York associate Denver Dunn and Brussels associate Daniel Baker.

 
 
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