Profile: Stoneridge Inc (SRI)
16 Jul 2019
Stoneridge, Inc., incorporated on September 19, 1988, is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and PST. The Company operated in 25 locations in 12 countries as of December 31, 2016.
The Company's Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle. The segment includes product lines, such as sensors, switches, valves, and actuators. Sensor products are employed in vehicle systems, such as the emissions, safety, powertrain, braking, climate control, steering and suspension systems. Switches transmit signals that activate specific functions. The Company's switch technology is principally used in over two capacities, user-activated and hidden. User-activated switches are used by a vehicle's operator or passengers to manually activate rear defrosters and other accessories. Hidden switches are not typically visible to vehicle operators or passengers and are engaged to activate or deactivate selected functions as part of normal vehicle operations, such as brake lights. In addition, the Control Devices segment designs and manufactures actuator products. The Company sells these products principally to the automotive market, as well as the commercial vehicle and agricultural markets.
The Company's Electronics segment designs and manufactures electronic instrument clusters, electronic control units and driver information systems. These products collect, store and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled and driver messages related to vehicle performance. In addition, power distribution modules and systems regulate, coordinate and direct the operation of the electrical system within a vehicle. These products are sold principally to the commercial vehicle market.
The PST segment is engaged in the design, manufacture and sale of in-vehicle audio and video devices, electronic vehicle security alarms, convenience accessories, vehicle tracking devices and monitoring services primarily for the automotive and motorcycle industry. The segment includes product lines, such as alarms, convenience applications, vehicle monitoring, and tracking devices and infotainment systems. The segment sells its products through the aftermarket distribution channel, to factory authorized dealer installers, also referred to as original equipment services, direct to original equipment manufacturers (OEMs) and through mass merchandisers. The segment primarily serves the South American market.
The Company competes with Actia Group, Bosch, Ceabs, Cerruns, Continental AG, Delphi Automotive PLC, Denso Corporation, Dongfeng Electronics Technology Co., Ltd., Electricfil, Hella KGaA Hueck & Co., Ituran, JVC/Kenwood Corporation, Lennox, MultiLaser, Methode Electronics, Inc., Magneti Marelli S.p.A., Michelin, NTK Technologies, Inc., Quantum, Olimpus, Pioneer Corporation, TE Connectivity Ltd., Sistec, Sensata and Yazaki Corporation.
39675 Mackenzie Dr Ste 400
NOVI MI 48377-1607