TT Electronics acquires US A&D power supply business
TT Electronics has announced that it has completed the acquisition of a US-based business that designs and manufactures power electronics for defence and aerospace markets, enhancing TT’s ability to engineer complete power converters. TT has acquired the Covina, California-based business unit from Excelitas Technologies (Waltham, MA).
The acquisition of this business unit from Excelitas enhances TT’s US presence in power electronics for aerospace and defence, providing access to growth programmes with sole-source positions. The acquisition adds a number of blue-chip US defence primes to the company’s customer base.
TT is committed to investing in the business to further improve its growth prospects and engineering capabilities, and customers will see increased value from TT’s ongoing focus on R&D, operational excellence and lean activities.
Michael Leahan, EVP Power Solutions North America, TT Electronics, commented: “The Covina business is a clear fit with TT’s strategy to build leading positions in the aerospace and defence markets where the proliferation of electronics is driving demand for our power solutions. We are excited to welcome Covina employees and customers to TT, and remain committed to providing value-added engineering solutions and world-class service through the development of strategic partnerships.”