Sensata Technologies Holding NV (NYSE: ST) is buying the Schrader International from Madison Dearborn Partners LLC for about $1 billion.

Denver-based Schrader makes sensors that monitor the pressure in tires. The group has sales and engineering offices in the U.S., U.K., Germany, China, Japan and South Korea. The deal is subject to regulatory approval and is expected to close in the fourth quarter.

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