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.
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.
Leading global manufacturer in TPMS and valve solutions Schrader will exhibit from an open booth at Hall 1 Stand C30, inviting customers to get a first-hand experience of TPMS. Schrader technology can be found in more than 50 per cent of global OEM vehicle platforms, with more than 275 million Schrader sensors currently produced and installed.
Schrader has announced an investment of £56 million-plus, creating 241 new jobs at its Carrickfergus and Antrim TPMS facilities. The major investment will see the company expand its production facilities over the next three years. It is also undertaking five research and development projects, and a major staff training programme to equip its engineers with the latest design and production techniques.
Wheelmaker Uniwheel has released a new Rial-brand alloy wheel aimed leisure vehicles, vans and small trucks. Available in five and six spoke designs, the Transporter (as it is known) is available in a “polar-silver” finish in a variety of 15 – 17 inch sizes.
Schrader International, the leading global manufacturer of sensing and valve solutions, was presented with Frost & Sullivan’s 2013 North American Price Performance Value Leadership Award in Tire Pressure Monitoring Systems (TPMS) in early February. Frost & Sullivan recognized Schrader as the best-in-class leader for the design and manufacturing of valve and sensing technologies for TPMS, in both the original equipment and aftermarket channel
Schrader International has appointed Aaron Nelson as its new regional sales manager in Western Canada. Nelson brings nearly a decade of experience working with automotive and diesel performance products. Based in Edmonton, Nelson’s responsibilities include assisting Schrader customers with their TPMS programs and driving sales growth throughout Alberta, British Columbia, Saskatchewan and Manitoba.
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.
Transense, a provider of sensor systems for the transportation and industrial markets, has entered into a strategic partnership with Wuhan Fenjin Electric Power Technology Co., Ltd through its IntelliSAW trading business. According to a statement released by the company, Fenjin will provide value-added system integration services for IntelliSAW's innovative wireless/passive temperature monitoring system throughout China in electric power transmission and distribution systems. China has been identified by the directors as a key geographical region for IntelliSAW. The partnership provides a foundation for the adoption of IntelliSAW's technology within China's so-called Smart Grid market.
For more than 165 years Schrader has sought to lead the design and manufacture of valve, mechanical and electronic system components and sensing technologies, now this taking on a YouTube channel as well!
Sonil Ventilfabrik recently hosted the 27th Meeting of the Indian Tyre Technical Advisory Committees (ITTAC) Tube & Valve Sub-Committee. The event was held at the Sugati Beach Resort between 1 and 2 July.
Tyres capable of monitoring themselves, road conditions and ‘talking’ with a vehicle’s electronic systems are only three years away, declares Schrader Electronics. The automotive sensor developer has developed a sensor that is mounted on the inside of a tyre instead of on the valve or wheel rim, as is the case with currently available direct TPMS set ups. This sensor then transmits information wirelessly to receivers mounted in the vehicle’s wheel housing and via the car’s ECU to the driver.
Frost & Sullivan has recognized Schrader International with the 2009 North American Frost & Sullivan Award for Industry Innovation & Advancement of the Year. The company has an extensive line of TPMS sensors and tools, and holds considerable market share among vehicle OEMs. (Tire Review/Akron)
Schrader-Bridgeport International, Inc. has launched a new “AirAware Learn and Test Tool Kit” that includes an OBD adapter designed for Toyota, Nissan, Hyundai, and Kia Tyre Pressure Monitoring Systems (TPMS). The new Learn and Test Tool Kit includes a Learn and Test Tool (21220) and OBD Connector Assembly (21225), which captures TPMS sensor ID’s, and programs them directly to the vehicle. The kit works as both a scan tool and a TPMS tool, and eliminates the need for separate OE or aftermarket scan tools for these vehicles.
The new kit is currently compatible with Toyota, Nissan, Hyundai and Kia models, with plans to add Acura, Lexus, Infiniti, Honda, Subaru and Mitsubishi compatibility in the near future.