Open Letter from Sensata President and Chief Executive Officer Martha Sullivan
I am pleased to announce that Sensata Technologies has completed the acquisition of Schrader International.
Sensata Technologies is a public company (NYSE: ST) with approximately $2.2
billion in revenue. We are one of the world's leading suppliers of sensing, electrical
protection, control and power management solutions across a broad cross-section of
markets and a global leader in the automotive pressure sensing market,
especially in high and medium-pressure applications.
Schrader is a pioneer in tire pressure monitoring sensors and is the leading
supplier of TPMS, valves, tools and training worldwide. Schrader is also a leader in MEMS sensing expertise, wireless communications, ASIC design and has developed a successful after-market service and repair channel, all of which are important to Sensata.
Schrader extends Sensata’s market leadership in pressure sensing and provides increased access to a rapidly growing $2.0 billion low pressure sensor market.
Sensata brings Schrader access to rapidly developing markets in Asia and
especially China where legislation governing tire pressure regulations is pending.
With a shared focus on automotive, truck, bus, off-road and industrial customers, both businesses face unprecedented opportunities for growth and I am confident will benefit from a shared focus on innovation and on-going, close collaboration with our customers.
President and Chief Executive Officer