-The Company is an independent manufacturer of engineered electrical and electronic components, modules and systems for the commercial vehicle, automotive, agricultural, motorcycle and off-highway vehicle markets.
-In August 2014, the Company sold its Wiring business to India-based Motherson Sumi Systems Ltd. Currently, the Company operates in three business segments:
- Control Devices: sensors, switches, valves and actuators.
- Electronics: electronic instrument clusters, electronic control units and driver information systems.
- PST Eletrônica: electronic vehicle security alarms, convenience accessories, vehicle tracking devices and monitoring services and in-vehicle audio and video devices primarily for the South American market.
-On January 31, 2017, the Company completed the acquisition of Orlaco Products B.V., a leading supplier of vehicle camera solutions. The transaction consisted of a EUR 75 million purchase consideration on a debt-free, cash-free basis, with an additional EUR 7.5 million consideration contingent on financial performance.
-In May 2017, the Company acquired the remaining 26% stake in PST Electronica Ltda., making it a wholly owned subsidiary of the Company.
-NGK Spark Plug
-Dongfeng Electronics Technology
-The Company is listed on the New York Stock Exchange.
-Electronic instrument clusters
-Telematic on-board units
-Body and cab control units
-Door control modules
-Driver information systems
-Power distribution modules and systems
Control Devices Segment
-Turbocharger electric wastegate actuators
-Latch release linear actuators
-Turbocharger solenoid control valves
-Power transfer unit disconnect
-Canister vent solenoid valves
-Axle disconnect actuators
-Light control modules
-Door control switch panels
-Rotary position sensors
-High temperature sensors
-Low temperature sensors
-Seat track position sensors
-Fluid level switches
-Exterior access switches
-Keyless entry keypad switches
-Position sensing ball switches
-Trailer tow connectors
-Car audio system
-Optimo - Tachograph programming platform
-Tachograph analysis software
-Locking and alarm control units
-Vehicle tracking devices
-In-vehicle audio and video devices
|1965||Incorporated in Ohio.|
|Oct. 1988||Acquired Pollak, a leading manufacturer of electronic and electromechanical switch products.|
|Feb. 1992||Acquired TED, a manufacturer of electronic instrumentation components, modules and systems.|
|Jan. 1994||Alphabet, Inc. and Alphastac, Inc. were merged into the Company.|
|Nov. 1995||Acquired the business, machinery and equipment, intellectual property rights and purchase contracts of the actuator business of Kelsey-Hayes.|
|Apr. 1996||Acquired approximately 45% of Berifors AB.|
|Aug. 1997||Entered into two joint venture agreements and a cooperation agreement with Connecto AB, a Swedish manufacturer of power distribution systems.|
|Oct. 1997||Listed on the NY stock exchange.
Acquired the remaining 55% of the outstanding stock of Berifors through a share exchange.
Acquired 50% of the outstanding common stock of PST Industria Electronica da Amazonia Ltda.
|Dec. 1998||Acquired all of the outstanding common shares of Hi-Stat Manufacturing Co., Inc.|
|Mar. 1999||Purchased certain assets and assumed certain liabilities of Delta Schroeller, Limited (Delta). Delta is a United Kingdom manufacturer of switches for the automotive industry.|
|Aug. 1999||Purchased all the outstanding shares of TVI Europe, Limited (TVI). TVI is a United Kingdom manufacturer of vehicle information and management systems for the European commercial vehicle market.|
|Sep. 2004||Opened an international purchasing office in Shanghai, China.|
|Mar. 2005||Announced that it has entered into an agreement to acquire Vimercati, S.p.A., an Italian full-service switch products supplier for the automotive industry.|
|Jan. 2006||Established a new subsidiary and manufacturing operation in Suzhou, China.|
|2007||Announced to cease manufacturing at its European operating segment in the Control Devices due to the loss of a significant customer contract.|
|Oct. 2009||Acquired a 51% equity interest in Bolton Conductive Systems LLC (BCS), an electrical system supplier based in Michigan, USA.|
|Mar. 2010||Opened a new technical center and sales office in Shanghai, China.|
|Dec. 2011||Acquired an additional 24% ownership of PST Eletronica S.A., a Brazil-based vehicle electronics joint venture. Since the Company's ownership interest in PST increased from 50% to 74%, PST became the Company's consolidated subsidiary.|
|Aug. 2014||Sold its Wiring business to India-based Motherson Sumi Systems.|
|Jan. 2017||Completed acquisition of Orlaco Products B.V., a leading supplier of vehicle camera solutions.|
|May 2017||Acquired remaining 26% stake in PST Electronica Ltda., making it a wholly owned subsidiary of the Company.|