LAS VEGAS – CB Tech has acquired Phoenix-based Reliable Circuits, expanding its inhouse capabilities to include advanced circuit board design, production, and assembly. Financial terms were not disclosed.

The move strengthens the water filtration firm’s supply chain and supports innovation in electronically controlled systems, CB Tech said in a press statement.

Reliable Circuits is a longtime supplier to CB Tech and serves other sectors including traffic management and aviation equipment. Following the deal, it will continue operating in Phoenix under CB Tech’s leadership.

“This partnership shows our commitment to providing topnotch water filtration solutions and highlights our dedication to supporting our affiliates, vendors, and customers around the globe,” said Zachary Rice, president, CB Tech.

Philip Carlson, production manager at Reliable Circuits, added, “Joining forces with CB Tech presents a great opportunity for growth and innovation. We look forward to the opportunities ahead and the role Reliable Circuits will play in CB Tech’s continued success.”

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TT Electronics reported revenue at its electronics manufacturing services segment fell 15% year-over-year to £252.8 million ($332 million), while adjusted operating profit rose 10% to £24.7 million.

The company, which also operates separate power and components business units, said persistint softness in demand for the latter has opened the door to a possible diversification of the unit.

Consolidated full-year 2024 revenue of £521.1 million ($664 million), down 15%, with adjusted operating profit falling 21% to £37.1 million ($47 million). The company cited strong gains in Europe and Asia, but performance was hampered by weak demand and operational issues in North America.

The company reported an operating loss of £23.5 million, which included a £52.2 million impairment charge. Free cash flow improved 16% to £27.7 million, and net debt fell 23% to £97.4 million.

Adjusted operating margin fell 40 basis points to 7.1% on a constant currency basis.

Guidance for 2025 sees adjusted operating profit between £32 million and £40 million, as the company continues its cost-saving plans amid demand uncertainty.