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TT Electronics

TT Electronics Powers Up Its Presence In Aerospace and Defence

TT Electronics, a global provider of engineered electronics for performance critical applications, today announces it has agreed to acquire 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 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.

TT Electronics plc (LON:TTG) is a provider of engineered electronics applications for performance-critical applications. The Company works with customers in the industrial, medical, aerospace and defence, and transportation sectors.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.