- Oops!Something went wrong.Please try again later.
Xirgo’s annual revenue is estimated to cross $100 million in 2021, with expected revenue growth of over 20% in the next several years.
The transaction will be EPS accretive in 2021.
The acquisition will play a vital role in advancing Sensata’s Smart & Connected megatrend-focused growth initiative in the transportation and logistics end-markets. It will help Sensata expand beyond OEMs and address the broader fleet ecosystem, thereby doubling its total addressable market to $15 billion by 2030.
Sensata’s operating cash flow slipped 9.6% to $559.8 million, and debt financing rose by 156% to $1.15 billion in the fourth quarter of FY20.
Price action: ST shares are up 2.90% at $57.90 in the pre-market session on the last check Friday.
See more from Benzinga
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.