Schrader Electronics sale to fetch £550M?
The Telegraph reports engineering firm Tomkins plc is selling its Schrader Electronics Ltd. tyre pressure monitoring systems business for approximately £550 million. Tomkins has appointed Barclays Capital to manage the sale of the Northern Ireland based business; The Telegraphs states that Tomkins’ Sensors and Valves business, which is also located in Northern Ireland, is being sold along with Schrader. According to the newspaper, a “handful of private equity firms” have been approached regarding the sale.