PRECO Electronics, a market-leading vehicle safety technology company, recently announced it was acquired by Sensata Technologies, Inc., a global industrial technology company and a leading provider of sensor-rich solutions that create insights for customers with operations and business centers in 11 countries. The acquisition of PRECO will extend Sensata’s capabilities in vehicle collision avoidance systems for industrial and heavy vehicle on/off-road (HVOR) markets.
“The acquisition of PRECO Electronics further extends Sensata’s sensing content into areas related to the autonomous megatrend and builds scale in heavy-duty vehicle markets,” said Jeff Cote, CEO and president of Sensata. “We are confident that we can capitalize on the many growth opportunities on the horizon, as we strengthen our go-to-market capabilities and build on PRECO’s global reputation as the industry leader in collision mitigation and avoidance technology optimized for heavy-duty vehicles and equipment.”
PRECO was founded in 1947 in Boise, Idaho, and has grown rapidly, encouraging the expansion of its innovative radar technology. For more than 20 years, PRECO has introduced numerous award-winning, purpose-built blind spot solutions to the market-place, including PreView Xtreme, Side Defender II and the new Sentry X.
With the support of its nationwide network of engineers and global partnerships, PRECO continues to maintain its position as the industry benchmark for advanced safety technologies, said the company.
“We are excited to become a part of the Sensata family,” said Jim Bean, head of PRECO. “Sensata’s global organization will leverage PRECO’s leadership in heavy-duty radar solutions to accelerate worldwide growth. The cultural fit, coupled with Sensata’s commitment to customer excellence, is a perfect match.”
PRECO’s future plans include the expansion of its core markets as well as targeting new sectors that complement PRECO’s existing solutions for heavy-duty OEMs and end-users, fleet operators, and foreign and domestic authorities.
