ALMELO, Netherlands -- Sensata Technologies Holding N.V. announced today that a subsidiary completed the previously announced acquisition of the Schrader group of companies. Schrader is the global leader in tire pressure monitoring sensors (TPMS). The transaction provides a leadership position in the growing TPMS market as well as additional low pressure sensing, communication and design capabilities that address large and fast growing sensing markets.
"Schrader brings a complete portfolio to Sensata including original OEM designs, sensors, valves and replacement sensors and tools necessary to successfully address the aftermarket channel," 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."