TT Electronics has acquired the Covina, California-based business unit from Excelitas Technologies Corp (Waltham, MA) |
Woking, UK, 7 January 2020 - TT Electronics, a global provider of engineered electronics for performance critical applications, today announces it has completed the acquisition of a US-based business that designs and manufactures power electronics for defence and aerospace markets, enhancing TT’s ability to engineer complete power converters.
TT has acquired the Covina, California-based business unit from Excelitas Technologies Corp. (Waltham, MA).
The acquisition of this business unit from Excelitas enhances TT’s US presence in power electronics for aerospace and defence, providing access to growth programmes with sole-source positions. The acquisition adds a number of blue-chip US defence primes to the company’s customer base. TT is committed to investing in the business to further improve its growth prospects and engineering capabilities, and customers will see increased value from TT’s ongoing focus on R&D, operational excellence and lean activities.
Michael Leahan, EVP Power Solutions North America, TT Electronics commented: “The Covina business is a clear fit with TT’s strategy to build leading positions in the aerospace and defence markets where the proliferation of electronics is driving demand for our power solutions. We are excited to welcome Covina employees and customers to TT, and remain committed to providing value-added engineering solutions and world-class service through the development of strategic partnerships.”
About TT Electronics plc
TT Electronics is a global provider of engineered electronics for performance critical applications.
The company operates in industries where there are structural growth drivers, working with market-leading customers in industrial, medical, aerospace and defence, and transportation sectors. Products designed and manufactured include sensors, power management devices and connectivity solutions. TT has design and manufacturing facilities in the UK, North America, Sweden and Asia.
For more information about TT Electronics visit www.ttelectronics.com.
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