TT Electronics Completes Torotel Acquisition to Expand US Power Portfolio
November 12, 2020 | TT ElectronicsEstimated reading time: 1 minute
TT Electronics, a global provider of engineered electronics for performance critical applications, announces it has officially completed the acquisition of Torotel, a US-based designer and manufacturer of high-reliability power and electromagnetic assemblies and components for the aerospace and defense markets. The acquisition increases TT’s capability in the design and development of power management devices and marks the latest addition to the company’s extensive global magnetics portfolio.
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.
Richard Tyson, CEO, TT Electronics said:
“We are delighted to complete the acquisition of Torotel. It represents a fantastic fit within our existing US power electronics business, strengthens our position in critical defense applications and further develops our global electromagnetics design and manufacturing capability. We’re delighted to be able to welcome the Torotel team into the TT group.”
Michael Leahan, EVP, TT Electronics Power Solutions said:
“Torotel is a great fit for TT supporting our strategy to build leading positions in high-performance, high-reliability markets such as aerospace and defense where the proliferation of electronics is driving increased demand for our custom power management and conversion systems. Torotel represents an exciting addition to TT Electronics and our global electromagnetics capability. We are thrilled to welcome the Torotel employees and customers to TT where we remain committed to providing the best service, products and value available.”
Suggested Items
AIM Solder Signs Shinil Fl Ltd. as New Distributor for Korea
05/08/2024 | AIM SolderAIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce a new distribution partnership with Shinil Fl Ltd., a prominent supplier of technological solutions in the SMT and semiconductor sectors.
KYZEN’s Adam Klett to Keynote at SMTA Electronics in Harsh Environments Conference
05/07/2024 | KYZEN'KYZEN, the global leader in innovative environmentally friendly cleaning chemistries, announced today that KYZEN’s Director of Science, Adam Klett, PhD will present as a keynote speaker at the SMTA Electronics in Harsh Environments Conference. The event is scheduled to take place May 14-16, 2024 at the Technical University of Denmark in Copenhagen, Denmark.
Altus Equips SSTL with Advanced Cleaning Technology for Electronics
05/07/2024 | Altus GroupAltus Group, a leading supplier of capital equipment for the electronics manufacturing industry, has announced the successful installation of an advanced PCBA cleaning system at Surrey Satellite Technology Limited (SSTL).
GPV's Handover of Refurbished Factory Building
05/07/2024 | GPVOn 6 May 2024, Bjorn Fiskers, MD at GPV Electronics TH in Thailand and his team were handed the keys to our refurbished factory building, adding another 7,000 sqm to our current 15,000 sqm electronics factory. Our electronics factory in Thailand will comprise of a total of 22,000 sqm.
New Yorker, Major League Electronics Sign New Franchised Distribution Agreement
05/06/2024 | New Yorker Electronics Co.New Yorker Electronics, global distributor of electronic components, recently announced a new franchised distribution agreement with Major League Electronics, renowned manufacturer of interconnect products.