Sensata Technologies has completed an acquisition of video telematics provider SmartWitness Holdings, Inc. The planned acquisition was originally announced in October.
SmartWitness offers connected video telematics hardware, software, analytics, and support, including interfaces with more than 40 TSPs globally. Since 2017, the company has shipped more than 250,000 connected devices to fleet customers through its telematics partners and is currently logging 50 million miles travelled per day. Its solutions are used by fleets across many market segments, including commercial trucking, federal and municipal fleets, schools and public transit networks, and military and first responder vehicles.
Sensata Technologies is an industrial technology company that develops sensors, sensor-based solutions, including controllers and software, and other mission-critical products to create business insights for its customers and users. For more than 100 years, Sensata has provided a wide range of customized, sensor-rich solutions that address engineering requirements to help customers solve challenges in the automotive, heavy vehicle and off-road, industrial, and aerospace industries.
“This acquisition meaningfully advances Sensata’s Insight megatrend-focused growth initiative and expands on the acquisition of Xirgo Technologies serving transportation and logistics end-markets," said Jeff Cote, Sensata Technologies CEO and president. "We are excited to welcome our new SmartWitness colleagues to Sensata as we work together to deliver a broader value proposition to address fleet managers’ needs and create new growth opportunities for our employees and our shareholders."