Sensata Technologies B.V., a wholly-owned indirect subsidiary of Sensata Technologies Holding N.V., has completed its acquisition of TPMS manufacturer and supplier Schrader International. In August, Sensata agreed to acquire Schrader from Madison Dearborn Partners LLC for a total enterprise value of $1 billion.
According to Sensata, the acquisition gives Sensata a lead position in the global TPMS market and enhances their overall low pressure sensing range capabilities for OEMs.
“Schrader’s aftermarket expertise offers us tremendous upside with their current positioning, customer base, product portfolio and distribution routes. We believe there are growth opportunities for specific products within the Sensata sensing range that can be leveraged in the global aftermarket,” said Steve Beringhause, senior vice president of Sensata Technologies’ sensor group. “I would like to thank Hugh Charvat for building and leading a very talented team at Schrader who we are now excited to welcome into Sensata.”
“Our aftermarket customers will continue to benefit not only from the increased demand for TPMS service and repair, but also from the clear Schrader brand reputation for quality, hands-on training and technical innovation,” said Frank Frederick, vice president of sales and marketing for the North American aftermarket. “It also opens up additional opportunities for Sensata to leverage Schrader’s long-standing investment in our customer base, aftermarket infrastructure and overall team.”
In 2012, private equity firm Madison Dearborn Partners purchased Schrader, which produces OE and aftermarket TPMS and valve products, from Tomkins for $505 million.
