Stoneridge, Inc.

Company Profile

■URL

http://www.stoneridge.com

■Address

39675 MacKenzie Drive, Suite 400, Novi, MI 48377, USA

Business Overview

-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: 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.

 

Competitors

Control Devices Electronics PST
-BorgWarner
-Bosch
-Continental
-Delphi
-Denso
-Electricfil
-Hella
-Measurement Specialties 
-Methode Electronics
-NGK Spark Plug
-Sensata
-TE Connectivity
-Actia
-Bosch
-Continental
-
Delphi
-Dongfeng Electronics Technology
-Hella
-Magneti Marelli
-Yazaki
-Ceabs
-Cerruns
-Ituran
-JVC Kenwood
-Lennox
-Magneti Marelli
-MultiLaser
-Quantum
-Olimpus
-Pioneer
-Michelin
-Sistec

Shareholders

-Listed on New York Stock Exchange.

Products

Electronics Segment
-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
-Shift-by-wire actuators
-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
-Soot sensors
-Speed sensors
-Fluid level switches
-Exterior access switches
-Keyless entry keypad switches
-Position sensing ball switches
-Trailer tow connectors

PST Segment
-Car audio system
-Optimo - Tachograph programming platform
-Digital tachographs
-Analogue tachographs
-Tachograph analysis software
-Locking and alarm control units
-Parking sensors
-Vehicle tracking devices
-In-vehicle audio and video devices

History

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.

Supplemental Information 1