Stoneridge

Company Overview

Founded in 1965, Stoneridge Inc. designs and manufactures electrical and electronic components, modules and systems for the commercial vehicle, automotive, agricultural, motorcycle and off-highway vehicle markets in North America, South America and Europe. It operates through four segments:

• Control Devices: This segment provides sensors, switches, valves and actuators, as well as other electronic products that monitor, measure or activate specific functions within a vehicle; and electromechanical actuator products that enable original equipment manufacturers to deploy power functions in a vehicle and can be designed to integrate switching and control functions. Sensor products are employed in major 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 two capacities: user-activated and hidden. User-activated switches are used by a vehicle’s operator or passengers to manually activate headlights, rear defrosters and other accessories. Hidden switches, which are not typically visible to vehicle operators or passengers, are engaged to activate or deactivate selected functions as part of normal vehicle operations, such as brake lights.

• Electronics: This segment offers electronic instrument clusters, electronic control units and driver information systems. Its 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. This segment’s power distribution modules and systems regulate, coordinate and direct the operation of the electrical system within a vehicle.

• Wiring: This segment provides electrical power and signal distribution products and systems, primarily wiring harnesses and connectors, and assembles instrument panels for the commercial vehicle market that are configured specifically to each original equipment manufacturer customer’s specifications.

• PST: This segment offers electronic vehicle security alarms, convenience accessories, vehicle tracking devices, monitoring services, and in-vehicle audio and video devices. This segment’s products include alarms, convenience applications, vehicle monitoring and tracking devices, and infotainment systems.

Stoneridge Inc. has a joint venture in India. Minda Stoneridge Instruments Ltd. manufactures electromechanical and electronic instrumentation equipment and sensors primarily for the automotive, motorcycle and commercial vehicle markets.

Financial Highlights (FY 2023)

Company's Business Segments

• Control Devices : This segment designs and manufactures products that monitor, measure, and activate specific functions within a vehicle.
• Electronics : This segment designs and manufactures driver information systems, vision and safety systems, connectivity and compliance products, and electronic control units.
• Stoneridge Brazil : This segment serves the South American market and specializes in the design, manufacture, and sale of vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, in-vehicle audio and infotainment devices, driver information systems, telematics solutions for the automotive and commercial vehicle markets.