Sensata completes Schrader purchase
Sensing and electrical protection supplier Sensata Technologies has completed its acquisition of Schrader, the global tyre pressure monitoring sensor (TPMS) and valve solutions manufacturer. The transaction provides Sensata with a leadership position in the growing TPMS market, the company said in a statement announcing the news.
Steve Beringhause, senior vice president of Sensata’s sensor group, said: “Schrader brings a complete portfolio to Sensata including original equipment manufacturer designs, sensors, valves, and replacement sensors and tools necessary to successfully address the aftermarket channel.”
Sensata Technologies Holding NV describes itself as “one of the world’s leading suppliers of sensing, electrical protection, control and power management solutions with operations and business centers in 12 countries”. Sensata’s products are designed to improve safety, efficiency and comfort in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning and ventilation, data, telecommunications, recreational vehicle and marine applications.
By 2000 the business had evolved into the Sensor & Controls division of Texas Instruments. It was hived off Texas Instruments in April 2006. This move saw the business sold to Bain Capital and Sensor & Controls became a stand-alone entity named Sensata Technologies. In November, 2006, Sensata purchased the First Technology Automotive and Special Products business from Honeywell for US$90 million. As you might have guessed most of its sensors are sold into the automotive industry.