LINKÖPING, Sweden—Automotive Tier 1 supplier Bosch has signed a deal to use indirect tire pressure monitoring (TPM) systems from Tier 2 automotive parts maker NIRA Dynamics AB.
Bosch will install NIRA’s TPM into its slip control systems installed in vehicles built around the world.
“We have known Bosch for many years as a reliable and competent partner and we are of course very proud to be an iTPMS supplier for them. This contract opens up business opportunities and markets worldwide for us, which we, as a small company among the giants of the automotive industry, could never achieve alone,” says Jörg Sturmhoebel, CMO at NIRA.
As a result of increasing safety and environmental awareness, many markets will require the standard fitment of both slip control systems and TPMS. The worldwide fitment rate for iTPMS is therefore expected to grow from currently around five per cent to more than 25 per cent by 2018.
NIRA Dynamics AB manufactures and supplies indirect Tire Pressure Monitoring Systems and has a workforce of about 50 engineers in its Linköping, Sweden facility.
The Bosch Group is the world’s largest automotive supplier, and has more than 300,000 employees.