TT Electronics, a global provider of engineered electronics for performance critical applications, announced 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.
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.
