Semelab designs and produces specialised radio frequency and power semiconductors optoelectronic components and power microcircuits and modules primarily for the UK and European markets.
By combining innovation creativity and technology TT Electronics and Semelab will be well placed to offer new and exciting solutions to customers in the automotive defence aerospace telecommunications computing and industrial electronics markets.
The companies will work together on R&D projects providing technological advantages for customers and reducing time-to-market on applications including flight control aircraft systems defence equipment and space vehicles.
Commenting on the acquisition Geraint Anderson CEO of TT Electronics said:
"We are delighted with this acquisition which represents an attractive addition to complement our existing component operations. Semelab is a profitable business which will benefit from the group's global sales network and our technical capabilities."