Stoneridge, Inc.
Company Profile
Business Overview
-The Company develops and manufactures highly engineered electrical and electronic components, modules and systems for the automotive, commercial vehicle, motorcycle, agricultural and off-highway vehicle markets. Its solutions aim to enhance vehicle intelligence, improve vehicle efficiency, reduce emissions, and improve safety and security.
-The Company is organized into three reportable business segments:
- Control Devices: Designs and manufactures actuators, sensors, switches and connectors to monitor, measure and manage specific vehicle functions
- Electronics: Designs and manufactures driver information systems, vision and safety systems, connectivity and compliance systems, and ECUs
- Stoneridge Brazil: Designs, manufactures and sells vehicle tracking devices, monitoring services, vehicle security alarms, convenience accessories, in-vehicle audio and video devices, driver information systems and telematics solutions primarily for the South American automotive market
Competitors
Control Devices | Electronics | Stoneridge Brazil |
-Aisin |
-Actia -Aptiv -Bosch -Continental -Hella -Marelli -Mekra Lang -Valeo -Visteon -ZF |
-Autotrac -Bosch -CalAmp Corporatin -Car System -Continental -Harman Automotive -Hinor -Ituran -Marelli -Maxtrack -Onix -Pioneer -Quelink -Sascar -Suntech -Taramps -Tury -Visteon |
Shareholders
-The Company is listed on the New York Stock Exchange.
Products
Passenger Cars
Actuators
-Park lock actuator
-Integrated park modules
-Shift-by-Wire actuator
-Driveline disconnect actuator
-E-axle disconnect and gear shift actuator
Valves
-Leak detection modules
-Vapor blocking valves
-Canister vent solenoid valves
Sensing
-Seat track position sensor
-Temperature sensors
Switches & connectors
-Trailer tow connectors
-Keyless entry keypad switch
-Exterior access switch
-Door control switch panel
Infotainment systems
-Digital multimedia receivers
-DVD players
-MP3 players
-Loudspeakers
Security and comfort
-Alarms
-Intelligent power window controllers
-Reverse camera
-Parking sensors
-Power locks
Commercial Vehicles
Vision & Safety
-Camera-based vision systems
-MirrorEye camera monitor systems
Driver information systems
-Instrument clusters
Connectivity
-Tachographs
-Data download tools
-Telematic on-board units
-Electronic logging devices
-Tachograph analysis software
-Tachograph programming tools
ECU (Electronic control units)
-Body & cab control units
-Locking and alarm control units
-Door control modules
Track & Trace
-Fleet tracking and management products
-Loading solutions
-Mobile tracking solutions
-Telemetry solutions
-Digital logistics and delivery solutions
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. |
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. |
Supplemental Information 1
>>>Business Report until FY2011
>>>Business Report until FY2014
>>>Stoneridge investors overview
Note: A figure in brackets ( ) indicates a loss