Global Sourcing Spotlight: How Global Sourcing Drives Innovation
One World, One Industry: IPC APEX EXPO 2025 Marks a Special Anniversary Year
Nolan’s Notes: Your Golden Ticket
TT Electronics Announces Business Divestment
March 5, 2024 | TT ElectronicsEstimated reading time: Less than a minute
TT Electronics plc, a global provider of engineered electronics for performance critical applications, announces it has reached an agreement to sell three business units within the GMS and Power and Connectivity divisions to the Cicor Group for a cash consideration of £20.8 million on a cash and debt free basis1, subject to normal completion account adjustments.
The divestment relates to business units in Hartlepool and Cardiff, UK and Dongguan, China which provide electronics manufacturing services (EMS) and certain connectivity products, principally to industrial clients.
The divestment reflects the Board's continued efforts to improve the quality of earnings, strengthens the balance sheet and will allow the Group to focus on growth opportunities in its core businesses and end markets to deliver value for all stakeholders.
The Transaction is expected to complete by the end of Q1 2024 subject to the completion of certain organisation restructuring steps.
The Cicor Group is a global provider of electronic solutions with approximately 2,700 employees.
Share on:
Suggested Items
Aismalibar to Showcase Advanced Thermal Management Solutions at APEC 2025
03/13/2025 | AismalibarAismalibar, a global leader in high-performance thermal management materials, is set to exhibit at APEC 2025 (Applied Power Electronics Conference) in Atlanta, Georgia, from March 16–20, 2025. As the premier event for power electronics professionals, APEC provides a crucial platform for industry leaders to explore the latest advancements in thermal interface materials (TIMs), high-performance PCB laminates, and insulated metal substrates (IMS).
IPC Asia’s Talent Development Program Opens Pathways to a More Qualified Workforce
03/14/2025 | Evelyn Cui, IPC AsiaIn Asia, the contradiction between the rapid development of the electronics manufacturing industry and the shortage of talent is particularly evident. The existing talent pool cannot fully meet the market's demand for highly skilled professionals. According to feedback from industry companies, there is an urgent need for professionals with knowledge of IPC standards and practical skills in electronics. However, the reality is that most academic courses are disconnected from the actual needs of the industry, leading to disappointing results when companies recruit from universities and schools.
Global Sourcing Spotlight: How Global Sourcing Drives Innovation
03/12/2025 | Bob Duke -- Column: Global Sourcing SpotlightSomeone once told me the more you meet and work with people, the more you’ll learn and, most importantly, the more it will spur more innovation. Innovation is, of course, the lifeblood of success. Companies constantly seek ways to stay ahead, remain competitive, and deliver value to their customers.
IPC Releases Latest List of Standards and Revisions
03/12/2025 | IPCEach quarter, IPC releases a list of standards that are new or have been updated. To view a complete list of newly published standards and standards revisions, translations, proposed standards for ballot, final drafts for industry review, working drafts, and project approvals, visit ipc.org/status. These are the latest releases for Q1 2025.
The Test Connection Inc. Promotes Melanie Rutkauskas to Director of Operations for The Training Connection, LLC
03/11/2025 | The Test Connection Inc.The Test Connection Inc. (TTCI), a leading provider of electronic test and manufacturing solutions, is pleased to announce the promotion of Melanie Rutkauskas to Director of Operations for The Training Connection, LLC (TTC-LLC). With her extensive background in operations management, accounting, and customer relations, Melanie brings a wealth of experience and leadership to her new role.