Stoneridge, Inc. acquires Orlaco Products BV

On January 31, 2017, Stoneridge, Inc. (NYSE: SRI) (“Stoneridge” or the “Company”), a designer and manufacturer of highly engineered electrical and electronic components, acquired Orlaco Products BV (“Orlaco”), a leading supplier of vehicle camera solutions, for €75M on a debt-free, cash-free basis, with additional contingent consideration of up to €7.5M based on financial performance.

Orlaco designs, manufactures and sells a wide-variety of innovative camera-based vision systems, monitors and related products primarily to the heavy off-road machinery, commercial on-road vehicle, lifting crane, warehousing and logistics industries. The acquisition enhances Stoneridge’s vision and safety product portfolio, increases its technology content per vehicle, and provides additional customer, geographic, and market diversification.

Since July 2015, Stoneridge and Orlaco have jointly developed the MirrorEye™ mirror replacement system, which is the industry-leading solution to improve the safety and fuel efficiency of commercial vehicles. The MirrorEye™ system integrates Orlaco’s camera technology and Stoneridge’s driver information capabilities (displays, electronics and system integration), as well as the software capabilities of both companies. The combination provides for continued collaborative design and development of innovative vision and safety solutions.