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Investing in Our Future and Yours


7

Aquisitions since 2016

$180m+

   Invested in Acquisitions       since 2016

 Acquisitions Focused on 

A&D and Medical

25+

Locations Worldwide

The TT Electronics Family

  • We partner with high-quality electronics businesses with expertise in design and manufacturing.
     
  • We grow our platform by acquiring intellectual property, quality engineering talent, deep customer relationships and operational footprints.
     
  • We have a strong track record of integrating businesses into TT in a culturally sensitive manner, whilst partnering with management and employees to help to continue growing their businesses and customer relationships.
     
  • We offer our teams a global manufacturing footprint, extended customer networks, supply chain scale benefits and operational best practices.
     
  • We work with all types of sellers including founders, entrepreneurs, strategics and private equity funds.

Torotel Products Inc.


2020

Financial Year

Acquired for 

$43.4 m

Aerospace & Defense

Summary

The acquisition of the Torotel business broadens TT’s power electronics capabilities and further expands the company’s presence in the US aerospace and defense market building on the recently acquired Covina, California-based business unit from Excelitas Technologies earlier in the year. Torotel extends TT’s list of blue-chip US aerospace and defense customers and provides access to growth programs with sole-sourced positions on major platforms. TT continues to be committed to investment that supports the acceleration of its growth prospects and increases the breadth and differentiation of its engineering capability.


Excelitas Tech Corp. Covina Power Business Unit


2020

Financial Year

Acquired for 

$17.7 m

Aerospace & Defense

Summary

TT has agreed to acquire Excelitas Technologies Corp.’s, Covina, California based business that designs and manufactures power supplies for defence and aerospace markets from Excelitas, for $17.7 million.

The acquisition enhances TT’s US presence in power electronics for aerospace and defence, providing access to growth programmes with sole-source positions. The acquisition will add a number of blue-chip US defence primes. TT is committed to investing in the business to further improve the business’ growth prospects and engineering capability.

 


Power Partners Inc.


2019

Financial Year

Based in 

Boston, MA

Medical & Industrial

Summary

The firm is based in Boston, Massachusetts, and complements TT’s global power electronics business with new products and design capabilities. This also builds TT’s competitive advantage in the connected health arena, tapping into Power Partners’ expertise in power solutions design for a broad spectrum of medical applications.

This acquisition supports TT’s global growth strategy, to expand its focus on design-led technology solutions and value-added complementary products. Building on recent acquisitions of Stadium Group plc and Precision Inc., this business activity is integral to TT’s emphasis on innovation, higher margins, and a strong position in complex electronics design and manufacturing. TT systems and solutions are underpinned by design and integration capabilities and dedicated R&D centres focused on technology developments in power management, wireless connectivity, human machine interfaces (HMI), and single board computing (SBC).


Precision Inc.


2018

Financial Year

Acquired for

$23.5 m

Medical

Summary

Precision brings new design, simulation and manufacturing capabilities to TT in electromagnetics, one of our focus areas for growth. Precision’s products are primarily sold into medical applications including pace makers, neurological implants and other in-body equipment as well as external diagnostic equipment such as dialysis machines and MRI scanners. Precision also serves industrial and aerospace and defence customers in applications including satellite power supplies and aerospace guidance systems. Precision’s capabilities include high-reliability, ultra-fine wire winding, particularly suited to components that require exceptionally high levels of precision. Precision will be integrated into the Power Electronics division.


Stadium Group


2018

Financial Year

Acquired for 

£60 m

IoT & Connectivity

Summary

Stadium’s business is a complementary fit with TT’s strategy to build leading positions in sectors with structural growth drivers and the proliferation of electronics is driving demand for TT’s solutions.

Richard Tyson, CEO, TT Electronics commented “I am delighted to welcome Stadium’s employees and customers to the TT family. Stadium adds complementary technologies including connectivity offerings, in industries we already know well. By combining our power electronics capabilities and R&D expertise we will drive growth and opportunity for the newly enlarged TT. We are committed to providing value adding engineering solutions and outstanding service, working with our customers to create smarter solutions together.”


Cletronics


2017

Financial Year

Based in 

Medina, OH

Aerospace & Defense


AB Elektronik

2017

Financial Year

Sold for 

£119 m

Sold to

AVX Corp


 Aero Stanrew

2016

Financial Year

Acquired for 

£42 m

Aerospace & Defense

Summary

Aero Stanrew solves complex technical challenges in product areas and for a customer base which overlaps with a number of TT's businesses. The combination of TT and Aero Stanrew provides the opportunity to accelerate TT's strategy to offer a wider range of capabilities to a broader base of tier 1 customers and increase exposure to aerospace and defence one of TT's core markets. Aero Stanrew has a well-established position in the market and with access to TT's global networks and expertise they can increase the scope of future offerings into their existing customer base.


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