TT Electronics acquiert la division puissance d’Excelitas pour 17,7 M$

Le groupe britannique TT Electronics annonce l’acquisition de l’activité électronique de puissance de l’Américain Excelitas pour 17,7 millions de dollars. Cette activité, qui représente un chiffre d’affaires annuel de 9,3 M$, renforce la présence de TT Electronics pour fournir des convertisseurs de puissance sur le marché américain de la défense et de l’aéronautique.

TT Electronics, a British provider of engineered electronics for performance critical applications, has agreed to acquire 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 agreed to acquire Excelitas Technologies’ aerospace and defence power supply business for $17.7 million. Excelitas Technologies’ aerospace and defence power supply business revenues for the last 12 months to June 2019 were $9.3 million, and adjusted EBITDA was $1.7 million.

The acquisition enhances TT’s US presence in power electronics for aerospace and defence, providing access to growth programmes with sole-source positions. The acquisition will add a number of blue-chip US defence primes. TT is committed to investing in the business to further improve the business’ growth prospects and engineering capability.

The acquisition is subject to approvals from the US authorities and is expected to complete in Q1 2020, at which point the business will be integrated into TT.

TT Electronics is a global provider of engineered electronics for performance critical applications. The company operates in industries where there are structural growth drivers, working with market-leading customers in industrial, medical, aerospace and defence, and transportation sectors. Products designed and manufactured include sensors, power management devices and connectivity solutions. TT has design and manufacturing facilities in the UK, North America, Sweden and Asia.