Sensata to buy Schrader as Europe adopts tire pressure sensors

(Reuters) - Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy Schrader International to meet growing demand for sensors to monitor car-tire pressure. Sensata, whose shares rose as much as 6.6 percent on Monday morning, will purchase Schrader from private equity firm Madison Dearborn Partners LLC for an enterprise value of $1 billion. Denver-headquartered Schrader makes tire-pressure monitoring sensors (TPMS) that alert drivers when a tire is under-inflated. The technology, fitted on all cars in North America, is being rolled out in Europe to meet a new regulation that requires all passenger vehicles to have it installed this year, the company said.



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