TPMS sensor manufacturer Sensata Technologies is cutting 160 jobs in the town of Antrim, Northern Ireland. The news follows Sensata’s decision to close its Carrickfergus, County Antrim operation in January 2020. And this was part of a downward trend that saw the company cut 125 jobs in Carrickfergus in 2018.
On 14 February 2020, Schrader was found to have contributed to and induced infringement of Wasica Finance GmbH and BlueArc Finance AG’s 524 patent. The patent relates to tyre pressure monitoring systems (TPMS) technology. As a result, the claimants were awarded US$31.2 million in royalty damages.
Schrader international has appointed Markus Schmid, as “Head of Marketing Aftermarket“, effective 1 April 2015. In his new role Schmid has taken over responsibility for all marketing activities in Europe at the Tyre Pressure Monitoring Systems (TPMS) specialist company.
Sensata Technologies Holding NV, a wholly owned indirect subsidiary of Sensata Technologies BV, has agreed to buy TPMS Schrader group of companies from Madison Dearborn Partners, LLC for a total enterprise value of US$1 billion. Schrader is the global leader in tire pressure monitoring sensors (TPMS). According to the company, the transaction provides TPMS and additional low pressure sensing capabilities, adding to Sensata’s “industry-leading sensing position”. The transaction is subject to regulatory approval but is expected to close during the fourth quarter of 2014.
Tyre Pressure Monitoring System and valve supplier Schrader has been sold for US$505 million after parent company Tomkins agreed a deal with private equity firm Madison Dearborn Partners, LLC. The deal is subject to the normal conditions and is expected to close in the second quarter of 2012. Schrader, which produces both OE and aftermarket TPMS and valve products reported 2011 revenues of approximately US$451 million and adjusted EBITDA of approximately US$76 million.