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
News

Union Official Calls Tariff Vote 'A Huge Mistake'

The leader of the United Steelworkers union says the International Trade Commission has made "a huge mistake" in not imposing tariffs on truck and bus tires from China. And based on early feedback from Modern Tire Dealer readers, tire dealers and particularly retreaders agree.

News

Two Asian Automotive Shows in One in March

Tyrexpo Asia 2017 and the inaugural edition of GarageXpo Asia will be held in conjunction with each other March 21-23, 2017, in Singapore. The events are organized by SingEx Exhibitions Pte. Ltd.

Bobby Hendry from 31 Inc. was from one of 80-plus vendors at the Tire Factory trade show. Here he talks to Mike Fleming, equipment supply manager for the dealer group, and Marc Thompson from Point S Everett in Everett, Wash.
News

Point S Rebranding Exceeds Expectations in the U.S., and Points to More Growth

Tire Factory Inc. members have rebranded the vast majority of their 206 stores to the Point S banner at a breakneck pace. And leaders of the Oregon-based cooperative are unveiling new programs with two big hopes: the momentum of current members continues, and more independent tire dealers join their network.

News

Cooper Enjoys a Full-Year Income-to-Sales Ratio of 8.5%

Cooper Tire & Rubber Co. posted net income of $69.3 million on net sales of $783.9 million for its fourth quarter ended Dec. 31, 2016. That compares to income of $59.2 million on sales of $775.5 million for the same period in 2015.

ATV has added 6 stores to its network of American Tire Depot stores in California.
News

ATV Opens 6 American Tire Depot Stores

ATV Inc. has acquired six stores in the greater Los Angeles metro area. The purchase expands ATV's network of American Tire Depot stores to 98 outlets, all in California.

News

MATDA Joins TIA's Social Media Platform

The Mid-America Tire Dealers Association (MATDA) has joined the social media content platform developed by the Tire Industry Association (TIA) and the Automotive Marketing Foundation (AMF).

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!