FORT WORTH, TX î º TTI Inc. has acquired the Mateleco Group, a connector distributor with six European locations.
“This acquisition will establish TTI and Mateleco as the number one distributors in both passives and connectors in France,” said TTI president and CEO Paul Andrews.
Mateleco will operate independently as a wholly owned subsidiary of TTI. The management team will remain in place with Claude Joly as president and Bernard Le Jeune and Bernard Franchet as corporate officers. Joly will report to Gene Conahan, TTI Europe’s president.
No financial terms of the agreement were disclosed.