The Canadian Press - ONLINE EDITION

Sensata Technologies to buy Schrader International in $1 billion deal

  • Print

Sensata Technologies plans to inflate its presence in pressure sensing equipment with a $1 billion deal to buy privately held Schrader International, which makes tire pressure monitoring sensors.

Sensata said on Monday that the deal will give it better access to the rapidly growing $2 billion low pressure sensor market. It noted that tire pressure monitoring sensors have become a standard feature on cars and light trucks sold in North America, and use of the technology is growing globally.

Schrader, which is owned by the private equity firm Madison Dearborn Partners, is expected to generate about $550 million in revenue this year, according to Sensata. Schrader is based in Denver and employs about 2,500 people globally, including more than 300 engineers.

Sensata Technologies Holding NV, a former Texas Instruments subsidiary, is based in the Netherlands. It makes sensing, electrical protection, control and power management products.

U.S.-traded shares of Sensata closed at $46.17 on Friday and have climbed 19 per cent so far this year, a bigger advance than the 6 per cent gain registered by the Standard & Poor's 500 index over the same span.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Winnipeg Cheapskate: Your cheapskate questions

View more like this

Photo Store Gallery

  • Geese fly in the morning light over Selkirk Ave Wednesday morning- Day 22– June 13, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • Marc Gallant / Winnipeg Free Press. Local- Weather standup. Sundog. Refraction of light through ice crystals which caused both the sun dog and and fog along McPhillips Road early Wednesday morning. 071205.

View More Gallery Photos

Poll

Do you think e-cigarettes should be banned by the school division?

View Results

View Related Story

Ads by Google