Sensata to buy tire-sensor maker Schrader in $1B deal

|About: Sensata Technologies Holdin... (ST)|By:, SA News Editor

Sensata Technologies (NYSE:ST) agrees to acquire the Schrader group of companies from P-E firm Madison Dearborn Partners in a deal valued at $1B.

Schrader makes tire pressure monitoring senors and related products, and is expected to generate ~$550M in revenue in 2014.

ST expects the deal to dilute earnings by $0.13-$0.16/share this year but add to earnings by $0.18-$0.21/share next year.