Bolstering its aerospace and defense activity, TT Electronics, a manufacturer of engineered technologies including many power magnetic components and systems, has acquired the Ferranti Power & Control business from Elbit Systems for £9 million. Ferranti P&C is a UK based manufacturer of power electronics and power systems for the aerospace and defense markets located in the greater Manchester area.
The acquisition strengthens TT’s UK aerospace and defense footprint and further enhances the capabilities of their power conversion and power management portfolio, says the company. Ferranti provides access to a range of programs across both the military aerospace and commercial and business aerospace sectors with sole-sourced positions on major key platforms.
“We are delighted to have completed the acquisition of the Ferranti Power & Control business,” said Richard Tyson CEO of TT. “This represents a significant step and great addition for our power capability. The organization is an ideal strategic fit within our existing UK footprint and adds further credibility and significant engineering expertise to our aerospace and defense offering.”
“The acquisition is well aligned with our global strategy of becoming a world leader in power conversion and power management,” added Michael Leahan, COO. “The business fits well with our two most recent power electronics acquisitions in the USA, and we are now in an even stronger position to provide high-performance power solutions and a world-class service experience to our combined network of blue chip customers.”
Based in Woking, UK, TT acquired Torotel in the USA in 2020 and, in 2018, Precision. See www.ttelectronics.com.
