Sensata Technologies acquires Xirgo Technologies for $400M in cash

  • Sensata Technologies (NYSE:ST) has acquired leading telematics and data insight provider, Xirgo Technologies Intermediate Holdings for $400M or ~16.0x 2021 EBITDA.
  • Xirgo’s annual revenue is expected to exceed $100M in 2021 with projected revenue growth in excess of 20% over the next several years.
  • The transaction is expected to be accretive to adjusted net income per share in 2021.
  • The acquisition of advances Sensata’s Smart & Connected megatrend-focused growth initiative for transportation and logistics end-markets. As a result, company's total addressable market for its Smart & Connected product offerings will more than double to $15B by 2030.
  • Xirgo's CEO will lead the combined Xirgo and Smart & Connected business unit, leveraging the capabilities of the two organizations.
  • The transaction is expected to complete during 1Q21.

    Expecatations Sensata

    For this year Sensata Technologies Holding N.V.'s revenue will be around 3.55 billion USD. This is according to the average of the analysts' estimates. This is hugely more than 2019's revenue of 3.05 billion USD.

    Historical revenues and results Sensata Technologies Holding N.V. plus estimates 2020

    fundamenteel onderzoek

    The analysts expect for 2020 a net profit of 522 million USD. The majority of the analysts expects for this year a profit per share of 3.3 USD. So the price/earnings-ratio equals 17.7.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the hardware & equipment companies equals a poor 0.32 percent.

    Sensata Technologies Holding N.V.'s market value equals around 9.22 billion . The Sensata Technologies Holding N.V. stock was the past 12 months quite unstable. Since last February the stock is 19 percent higher. This year the stock price moved between 18 and 61 dollar.

    Historical stock prices Sensata Technologies Holding N.V.

    stock sensatatechnologiesholdingn.v.

    Click here for dividend Sensata Technologies Holding N.V.. On Friday the stock closed at 58.4 USD.

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