At what enterprise value was XIRGO TECHNOLOGIES acquired in 2024?

You can find the full valuation details of XIRGO TECHNOLOGIES on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of XIRGO TECHNOLOGIES when it was acquired by BALMORAL FUNDS?

The exact EV/EBITDA multiple for XIRGO TECHNOLOGIES is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.2x. Join our community for free to access full valuation data and industry trends.

When was XIRGO TECHNOLOGIES acquired by BALMORAL FUNDS?

XIRGO TECHNOLOGIES was acquired by BALMORAL FUNDS in 2024.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the XIRGO TECHNOLOGIES acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the XIRGO TECHNOLOGIES deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://xirgo.com/news/balmoral-funds-acquires-xirgo-technologies/

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Home Database TMT (Tech, Media, Telecom)XIRGO TECHNOLOGIES

09/2024

XIRGO TECHNOLOGIES acquired by BALMORAL FUNDS

UNITED STATES Hardware & Electronics / Electronic Components / Sensors & Optics EV 100M - 350M USD

Context

Balmoral Funds, a private equity firm, has acquired the INSIGHTS business from Sensata Technologies, a leading provider of telematics, Internet of Things (IoT), and data analytics solutions for the transportation, logistics, and fleet management sectors. Following the transaction, the entity has been rebranded as Xirgo Technologies and has regained its independence after several years under Sensata's ownership. This acquisition aligns with Balmoral's strategy of supporting companies with strong market positions and significant value creation potential. The firm plans to back Xirgo's next growth phase by investing in research and development, commercial expansion, and technological innovation. The goal is to accelerate the development of industrial IoT solutions, advanced telematics technologies, and artificial intelligence-powered applications for vehicle and asset management. The new Xirgo will retain its entire historical business, including telematic equipment for vehicles and assets, AI-powered SmartWitness cameras, and the Elastic M2M software platform. These solutions are used by a vast network of over 900 distributor partners worldwide, who deploy more than 1.6 million connected devices annually to businesses across various industries. To support this new phase of growth, Balmoral has appointed Chris Wolfe as CEO. With his extensive experience in the telematics and fleet management industry, he will drive the company's growth and strengthen its position in the rapidly expanding IoT and intelligent video markets.

As a reminder, the company was previously acquired by Sensata Technologies in 2021 as part of its expansion strategy.

XIRGO TECHNOLOGIES, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Founded in 2006, Xirgo Technologies is a leading provider of telematics and Internet of Things (IoT) solutions, specializing in the collection, transmission, and analysis of data from vehicles, mobile equipment, and industrial assets. The company develops wireless communication devices, software platforms, and data services that enable businesses to track, analyze, and optimize their operations in real-time. Xirgo has established itself as a recognized player in the fields of fleet management, asset tracking, embedded telematics, and connected services. Its solutions are used by transportation operators, fleet managers, telematics service providers, and businesses seeking to enhance operational efficiency and reduce costs. Xirgo's products allow customers to monitor vehicle usage, optimize routes, track equipment performance, and improve operational safety, ultimately driving business productivity and profitability.

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Other operations with XIRGO TECHNOLOGIES

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
04/2021	SENSATA TECHNOLOGIES	XIRGO TECHNOLOGIES	UNITED STATES	Hardware & Electronics	Sensata Technologies has announced the acquisition of Xirgo Technologies from private equity firm HKW and other shareholders for $400 million. At the time of the acquisition, Xirgo was expected to generate over $100 million in annual revenue, with growth prospects exceeding 20% per annum in the following years, making it a highly attractive target in the connected solutions market for transportation and logistics. This acquisition is part of Sensata's growth strategy to bolster its "Smart & Connected" initiative, aimed at transforming the company from a traditional sensor supplier to a provider of high-value-added digital data, analytics, and services. Building on Sensata's established expertise in embedded sensors and connected vehicle systems, the integration of Xirgo significantly expands its reach to fleet operators, telematics service providers, and the broader connected transportation ecosystem. The combination brings together Sensata's hardware capabilities and sensor technologies with Xirgo's software platforms, cloud services, and data management solutions. Sensata expects this transaction to more than double its addressable market in Smart & Connected activities, with a potential estimated at approximately $15 billion by 2030.

REFERENCES

Valuation range: EV 100M - 350M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of XIRGO TECHNOLOGIES by BALMORAL FUNDS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: xirgo technologies

Acquirer: balmoral funds