Retail

Sensata buys TPMS manufacturer Schrader

Posted on August 18, 2014

Sensata Technologies B.V. has reached an agreement to buy tire pressure monitoring systems manufacturer Schrader International Inc. from private equity firm Madison Dearborn Partners LLC for $1 billion.

Sensata Technologies B.V. is a wholly owned indirect subsidiary of Sensata Technologies Holding N.V. based in Alemelo, Netherlands.

Sensata says the transaction provides TPMS and additional low pressure sensing capabilities that address large and fast growing sensing markets.  The transaction is subject to regulatory approval and is expected to close during the fourth quarter of 2014.

Schrader is headquartered in Denver, Colo., and has sales and engineering offices in the United States, the United Kingdom, Germany, China, Japan and South Korea.  Manufacturing facilities are located in the United States, United Kingdom, France, Brazil and China. The company employs 2,500 people globally, including over 300 engineers. 

Schrader is expected to generate approximately $550 million in revenue in 2014, according to Sensata.

Schrader pioneered TPMS for global OEMs, a safety feature now standard on all cars in North America and growing globally in Europe and Asia. Fuel economy and safety regulations in each region are driving the rapid adoption of TPMS and Schrader has obtained over 50% market share in these regions, according to Sensata.

"The acquisition of Schrader extends Sensata's leadership position in pressure sensing and provides further access to a rapidly growing $2 billion low pressure sensor market where the largest current opportunity is in TPMS," says Martha Sullivan, Sensata Technologies president and chief executive officer.  

“The addition of Schrader to Sensata's product portfolio makes sense strategically and operationally; we are aligned on our plans to continue to grow the business," says Hugh Charvat, Schrader chairman, president and chief executive officer. 

Sensata Technologies is a world supplier of sensing, electrical protection, control and power management solutions with operations and business centers in eleven countries.  For more information, visit Sensata's website at www.sensata.com.

Schrader is a global manufacturer of sensing and valve solutions for automotive and industrial businesses. For more information, visit www.schraderinternational.com.

Related Topics: Schrader International Inc., Sensata Technologies B.V., TPMS sensors

Comments ( 0 )
More Stories
Joe Venezia will lead Bridgestone's retail efforts at its 2,200-plus company-owned stores.
News

Bridgestone Retail Stores Have a New Leader

The 2,200-plus retail stores owned and operated by Bridgestone Americas Inc. have a new leader. Joe Venezia is the president of Bridgestone Retail Operations LLC (BSRO) effective June 19, 2017.  

News

Giti's Made-in-USA Tires Earn Fitment on Volkswagen Passat

Two sizes of the All Season Giti ComfortA1 tire will be featured as original equipment tires on the 2019 Volkswagen Passat. Giti Tire (USA) Ltd. says the tires represent the first OE fitment that will be manufactured at the company's U.S. tire plant.

News

Texas Governor Vetoes Used Tire Bill

Texas Gov. Greg Abbott has vetoed a bill that would prohibit the sale of unsafe used tires. "Texas does not need to impose new criminal penalties on people who put tires on cars.

What do millennial buyers want? They want information quickly, concisely and as high-tech as possible.
Article

Leading the Millennial Generation

We hear others speak about the up and coming generation all the time. The millennial generation is most often spoken of in a negative way, mainly because negative press seems to get more attention than positive.

Article

Tire Pricing: A Taboo Topic

When tire dealers get together in an open forum, they can talk about almost anything. Stiff competition. Eroding or improving supplier-dealer relationships. The effect low-cost Chinese tires are having on their businesses.

Under the big top at Michelin's Movin'On conference, CEO Jean-Dominique Senard said Movin'On is a call to action for the 21st century.
News

Sustainability Is Driving Michelin's Growth Now, and for the Future

Sustainable mobility is the driving principle of Michelin Group’s global growth plan, and it’s not some far-off dream. The company says sustainability will play a key role in increasing both tire sales and services. Pete Selleck, chairman and president of Michelin North America Inc., says by 2020 Michelin wants revenue from tire sales to rise 20%.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!