Swindon Silicon mixed-signal specialist joins Sensata, appoints CEO
The move follows the acquisition of the company by Sensata Technologies Holding NV (Anselmo, The Netherlands) late in 2014.
Swindon Silicon, founded in 1978, is well known as a supplier of automotive and industrial mixed-signal ASICs and increasingly to support MEMS within tyre pressure monitoring systems (TPMS). It was bought by Sensata in October 2014 as part of the acquisition of the Schrader International Group.
Sensata is a $2.4 billion business originally formed in 2006 when Texas Instruments sold its sensors and controls division to Bain Capital LLC for $3.0 billion in cash. Since then the company has gone public on the New York Stock Exchange and made a series of acquisitions. The acquisition of Schrader and Swindon provides automotive tyre pressure monitoring system (TPMS) and additional low pressure sensing that is complementary to Sensata’s position in industrial and automotive sensing.
The acquisition coincides with a move, driven by growth at Swindon Silicon, to larger premises in Royal Wootton Bassett and the retirement of managing director Geoff Hall. Hall is succeeded by Jerry Loraine who has more than twenty five years’ experience in the semiconductor industry.
“TPMS, in which we are global leaders, is set to expand massively when China makes it mandatory. Being part of Sensata will also open up new markets for our ASICs," said Loraine in a statement. "It means that not only can we develop further our automotive pressure-sensing expertise, we can also transfer our knowledge and experience of MEMS sensors and micro-power solutions into wider applications such as factory automation, HVAC, industrial process control and remote sensing."
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