Sensata Technologies B.V., a wholly-owned indirect subsidiary of Sensata Technologies Holding N.V., has reached an agreement to acquire TPMS manufacturer and supplier Schrader International from Madison Dearborn Partners LLC for a total enterprise value of $1 billion. 
The transaction is expected to close during the fourth quarter of 2014.
“The acquisition of Schrader extends Sensata’s leadership position in pressure sensing and provides further access to a rapidly growing $2 billion low pressure sensor market where the largest current opportunity is in TPMS,” said Martha Sullivan, Sensata Technologies president and chief executive officer. “Additionally, Schrader’s expertise in MEMS sensing, wireless communications and ASIC design will be highly complementary; we are excited to welcome this talented team into Sensata’s global organization.”
In 2012, private equity firm Madison Dearborn Partners purchased Schrader, which produces OE and aftermarket TPMS and valve products, from Tomkins for $505 million.
