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Stoneridge Acquires TVI Europe Limited

30 August 1999

Stoneridge Acquires TVI Europe Limited

      Transaction Increases Information Management Systems Capabilities
               for Commercial Vehicles and Expands Global Reach

    WARREN, Ohio, Aug. 30 -- Stoneridge Inc.
announced today that it has acquired TVI Europe Limited, a United Kingdom-
based designer and manufacturer of tachographs and other transport monitoring
devices.
    TVI, with 1998 sales of $21 million (USD), supplies the commercial vehicle
original equipment market and aftermarket with tachographs and other state-of-
the-art electronic transport monitoring products.  The company has
approximately 175 employees.
    TVI is headquartered in Dundee, Scotland and has branch offices in Spain,
France and Germany.  Stoneridge expects TVI to complement and strengthen its
position as a leading worldwide supplier of commercial vehicle information
system products.
    "The acquisition of TVI is further evidence of our commitment to maintain
and strengthen our position as a leading designer and manufacturer of
commercial vehicle information system products," said Cloyd Abruzzo,
Stoneridge president and chief executive officer.  "With TVI's products, we
enhance Stoneridge's ability to provide the commercial vehicle market with a
totally integrated vehicle information system solution."
    The transaction was completed August 27, 1999.  The acquisition is
expected to be neutral to 1999 earnings.  Terms of the acquisition were not
disclosed.
    Stoneridge Inc., headquartered in Warren, Ohio, is a leading independent
designer and manufacturer of engineered electrical and electronic components,
modules and systems principally for the automotive, medium and heavy-duty
truck and agricultural vehicle markets.  Sales in 1998 were approximately
$504 million.  Additional information about Stoneridge can be found on the
World Wide Web at http://www.stoneridge.com .
    Statements in this release that are not historical fact are forward-
looking statements, which involve risks and uncertainties that could cause
actual events or results to differ materially from those expressed or implied
in this release.  Factors which may cause actual results to differ materially
from those in the forward-looking statements include, among other factors, the
loss of a major customer, a decline in automotive, medium and heavy-duty truck
or agricultural vehicle production; the failure to achieve successful
integration of any acquired company or business including TVI; labor disputes
involving the company or its significant customers; risks associated with
conducting business in foreign countries; or a decline in general economic
conditions.  Further information concerning issues that could materially
affect financial performance related to forward-looking statements contained
in this release can be found in Stoneridge's periodic filings with the
Securities and Exchange Commission.