TT Electronics acquires U.S.-based power electronics business from Excelitas TechnologiesNews
January 07, 2020
WOKING, England. TT Electronics, which makes engineered electronics for performance-critical applications, has completed the acquisition of a California-based business unit of Excelitas Technologies (Waltham, Mass.) that designs and manufactures power electronics for defense and aerospace markets.
TT Electronics officials say that the acquisition of this business unit from Excelitas gives TT access to growth programs with sole-source positions; adds a number of blue-chip U.S. defense primes to the company’s customer base; and enables customers to obtain value from TT’s ongoing focus on R&D, operational excellence, and lean activities.
Michael Leahan, EVP Power Solutions North America, TT Electronics said of the acquisition: “The Covina business is a clear fit with TT’s strategy to build leading positions in the aerospace and defense 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.”