Sensata Technologies, the company behind the Schrader TPMS equipment brand, has appointed Russ Stebbins general manager of the Global Aftermarket business unit. He brings more than 25 years of automotive experience to his new role, including positions with well-known brands such as TRW, Lumileds, and Akebono Brake Corporation in the past decade.
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.
A maximum of 125 jobs will be cut at Sensata’s factory in Carrickfergus, Northern Ireland. Company representatives clarified their plans in response to earlier reports suggesting as many as 275 jobs were at risk. The latest information is that, while 275 employees have been told that their positions are “at risk”, the number of job losses will be capped at 125. A company spokesperson confirmed this in a statement in answer to Tyres & Accessories questions on the matter:
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.