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
Actuators and valves
-Integrated park modules
-Drive unit control actuators
-Shift-by-wire actuators
-Stabilizer bar assemblies
-Front axle disconnect actuators
-Canister vent solenoids
-Vapor blocking valves
-Leak detection modules
-Transmission control modules
Sensors
-Low temperature sensors
-High temperature sensors
-Position sensors
Switches and connectors
-Keyless entry switches
-Access and release switches
-Trailer tow connectors
Vision and driver assistance
-MirrorEye camera monitoring system
-SideEye turn assist blind-spot vision system
-ForkView forklift vision system
-FrontView and Digital FrontView front area vision system for load handling
-TwistLockView for improved vision of twistlocks
-SurroundView vision system for area surrounding the vehicle
-Mid-Mast View and Digital Mid-Mast View vision system for forklifts
-WinchView vision system for crane operations
-RearView and Digital RearView rear vision systems
-RadarEye radar and camera system
-LoadView crane vision system for loading and unloading
-Digital SideEye vision system for elimination of blind spots
-CornerEye vision system to eliminate blind spots at front and side of trucks
-Cameras
-Monitors
Driver information systems
-Instrument clusters
-Secondary displays
Connectivity
-Connected trailer systems including rear-view cameras
-Telematics systems
-Track and Trace systems to detect location of commercial vehicles
-Tachographs
Controls
-Chassis control modules
-Body and cab control units
-Door control modules
-Interior control modules
Aftermarket audio and alarms
-Alarm systems
-Multimedia displays
-Touchscreens
-DVD players
-Audio systems
-Navigation 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
