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Meggitt, TT Electronics make new investments

07 January 2020
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UK-based TT Electronics has acquired a US business that designs and builds power products for aerospace and defence.

TT announced on 7 January that it bought the Covina, California-based business from Excelitas Technologies of Waltham, Massachusetts, for USD17.7 million.

TT said the transaction will enhance its “ability to engineer complete power converters” and will add “a number of blue-chip US defence primes” to its 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,” the announcement says.

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