WOKING, UK – TT Electronics has completed the acquisition of Torotel, designer and manufacturer of high-reliability power and electromagnetic assemblies and components for the aerospace and defense markets.
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 business unit from Excelitas Technologies earlier this year.
“We are delighted to complete the acquisition of Torotel,” said Richard Tyson, CEO, TT Electronics. “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.”
“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,” said Michael Leahan, EVP, TT Electronics Power Solutions. “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.”
No financial terms were disclosed.