RICHMOND, Va.–(Business enterprise WIRE)–Harris Williams, a global expense bank specializing in M&A advisory products and services, announces it is advising Xirgo Technologies, LLC (Xirgo), a portfolio organization of HKW, on its pending sale to Sensata Systems, Inc. (NYSE:ST Sensata). Xirgo is a major supplier of revolutionary, full-showcased, software-distinct wi-fi IoT conversation equipment for tracking, monitoring, and preserving remote property and employees throughout an array of conclusion marketplaces. The transaction is remaining led by Giles Tucker, Eric Logue, Chris Toussaint and Nick Kron of the Harris Williams Industrials Group and Andy Leed of the firm’s Technological innovation Team.
“Xirgo is a pioneer of wireless telematics and asset tracking products for the IoT expansion sector, and is regarded through the industry for its ground breaking answers and extensive application and engineering abilities,” stated Giles Tucker, a running director at Harris Williams. “Xirgo’s innovative asset monitoring and telematics interaction remedies, blended with Sensata’s foremost sensor portfolio, supply a persuasive platform in the promptly evolving smart and connected IoT ecosystem. It was a pleasure doing the job with the Xirgo and HKW teams on this transaction and we are excited to have discovered a spouse that shares in management’s strategic vision for the business.”
“This transaction highlights the desire from company purchasers in sectors these as industrial connectivity and information analytics, which present important growth potential and are early in the adoption curve,” included Eric Logue, a controlling director at Harris Williams. “Xirgo represents an additional marquee transaction for Harris Williams in the industrial technologies sector, and we are thrilled to have advised the firm and HKW.”
Xirgo is a main world wide service provider of revolutionary, full-highlighted, customizable wi-fi IoT conversation equipment and software program alternatives. An expansive merchandise line facilitates greatest-in-course solutions for an array of close marketplaces and apps. With detailed in-residence engineering and software abilities in all crucial growth disciplines, Xirgo persistently provides persuasive answers to firms searching for methods to turn into additional aggressive, increase operational efficiencies and unlock new revenue streams. In conjunction with its companions, Xirgo has supplied competitive remedies in the realm of telematics, fleet management, large products, asset tracking, use-primarily based driving, high-hazard auto finance, chilly chain and rental purposes.
HKW is a middle sector personal fairness agency investing in organizations with proficient administration teams in the U.S. and Canada. HKW targets companies in the enterprise solutions, well being and wellness, and technology sectors. Because 1982, HKW has sponsored 63 system transactions of decreased center industry businesses in the course of North The usa, as properly as 70 increase-on acquisitions.
Sensata is a foremost industrial technologies company that develops sensors, sensor-based mostly alternatives, which includes controllers and software program, and other mission-crucial goods to produce beneficial enterprise insights for clients and finish users. For far more than 100 several years, Sensata has presented a broad range of custom made, sensor-rich options that deal with intricate engineering necessities to assistance prospects fix challenging troubles in the automotive, major car and off-road, industrial, and aerospace industries. With much more than 19,000 workforce and operations in 13 nations, Sensata’s options aid to make products safer, cleaner, and a lot more successful, electrified and linked.
Harris Williams, an investment decision bank specializing in M&A advisory products and services, advocates for sellers and consumers of firms worldwide via crucial milestones and provides considerate advice through the life of their firms. By collaborating as a person firm throughout Field Teams and geographies, the organization aids its customers realize outcomes that guidance their goals and strategically produce price. Harris Williams is committed to execution excellence and to making enduring, valued associations that are based on mutual have confidence in. Harris Williams is a subsidiary of the PNC Economic Expert services Group, Inc. (NYSE: PNC).
The Harris Williams Industrials Group has knowledge across a range of sectors, together with innovative production creating goods chemical substances and specialty supplies industrial technology and packaging. For much more data on the firm’s Industrials Team and other current transactions, visit the Industrials Group’s section of the Harris Williams web site.
The Harris Williams Know-how Group advises main non-public and general public companies, founders, and private equity, advancement equity and enterprise money firms on mergers and acquisitions and funds-increasing transactions globally. The Technological know-how Group has deep area skills in software program and technologies-enabled providers and devoted aim locations across a assortment of vertical application apps and finish marketplaces. For extra facts on the Engineering Group and its latest transactions, pay a visit to the Technology Group’s segment of the Harris Williams internet site.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a non-public restricted company included less than English law with its registered office at 8th Floor, 20 Farringdon Road, London EC4A 4AB, Uk, registered with the Registrar of Businesses for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is licensed and controlled by the Economical Carry out Authority. Harris Williams & Co. Company Finance Advisors GmbH is registered in the professional sign-up of the area court docket of Frankfurt am Key, Germany, less than HRB 107540. The registered tackle is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: [email protected]). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade identify beneath which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH carry out organization.