TT Electronics

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TT Electronics plc
Company type
Public limited company
LSE: TTG
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HeadquartersWoking, Surrey
Key people
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Websitewww.ttelectronics.com

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TT Electronics Plc is a global manufacturer of electronic components and provider of manufacturing services, headquartered in Woking, England. It is listed on the London Stock Exchange.

History

The company has its origins in a firm of toolmakers, W. Tyzack Sons & Turner, which was established in Sheffield, in around 1867.[2] It was first listed on the London Stock Exchange in 1948.[3]

After the Sheffield works had been sold to a rival in 1987, the listed company, which was by then known as Tyzack Turner Group plc, was acquired by new management and was renamed TT Group plc in 1988.[4]

In 1990, TT Group acquired Crystalate Manufacturing Company, a British resistors and sensors manufacturing company.[5][6]

In the 1990s, its electronics activities were expanded through multiple acquisitions, including of the Magnetic Materials Group, AB Electronic Products Group and BI Technologies.[4] Additional purchases included Dale Electric International in 1994,[7][8] and the AEI Group, which was the Wire and Cables Division of the General Electric Company, in 1997.[9]

In 2000, after the de-merging of several non-core businesses to focus on advanced electronics and electronic technologies, TT Group changed its name to TT Electronics.[10][11]

In April 2008, TT Electronics bought New Chapel Electronics, a manufacturer of interconnection systems for the aerospace industry.[12]

In October 2012, the firm launched its new manufacturing plant in Romania.[13]

In December 2015, TT Electronics purchased the safety critical components specialist Aero Stanrew, increasing its footprint in the aerospace and defence markets.[14][15]

In June 2018, it bought the electromagnetic solution provider Precision of Minneapolis to expand its footprint in the US power electronics market.[16] That same year, TT Electronics acquired by power electronics firm Stadium Group plc.[17]

In September 2020, the magnetic assemblies specialist Torotel, Inc. was purchased by the company.[18]

In early 2021, as part of wider efforts to increase its manufacturing capabilities, TT Electronics expanded its Bedlington plant.[19][20] That same year, it also opened a new facility in Texas.[21] Over the following two years, the firm continued to increase its manufacturing base in countries such as Mexico, Malaysia, and the UK.[22][23]

In January 2022, the Power and Control business of Ferranti Technologies, a manufacturer of mission-critical power and control sub-assemblies, was purchased by TT Electronics.[24][25] During 2023, the firm's year-on-year operating profits rose by 34 per cent.[26]

In September 2024, TT Electronics declared the two of its US locations were experiencing issues relating to operational efficiency.[27] In February 2025, the company delayed its results announcement after encountering "operational execution challenges" in its North American business.[28] The results were eventually released in April 2025; that same month, the company issued a warning that US tariffs could negatively impact its operations.[29][30]

During 2025, TT Electronics' largest shareholder, DBAY Advisors, made a bid to purchase the firm; a separate offer from Volex was also received, although neither proposal received the board's backing.[31][32] In October 2025, the Swiss electronics business Cicor Technologies issued their own offer, valued at £287 million, to acquire the company.[33][34] In January 2026, it was announced that, despite Cicor Technologies bid having been recommended by TT Electronics' board of directors, the company's shareholders did not give the required shareholder approval and, as a result, the proposed acquisition did not proceed.[35][36] Three months later, several board members parted ways with the business.[37]

Operations

The company engineers and manufactures sensors, power modules, resistors, magnetics, semiconductors, connectors and optoelectronics for the industrial, aerospace and defence, medical and transportation markets.[38] Product brands are AB Connectors, Aero Stanrew, BI Technologies, Cletronics, IRC, Optek Technology, Roxspur Measurement and Control, Semelab and Welwyn Components.[39]

References

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  1. ^ a b c d Page Module:Citation/CS1/styles.css has no content."Annual Results 2025" (PDF). TT Electronics. Retrieved 25 March 2026.
  2. ^ Page Module:Citation/CS1/styles.css has no content."W. Tyzack, Sons and Turner". Grace's Guide. Retrieved 8 February 2024.
  3. ^ Page Module:Citation/CS1/styles.css has no content."TT Electronics: our story". The London Stock Exchange. Retrieved 8 February 2024.
  4. ^ a b Page Module:Citation/CS1/styles.css has no content."About Us - History". Ttelectronics.com. Archived from the original on 13 November 2014. Retrieved 12 November 2014.
  5. ^ Page Module:Citation/CS1/styles.css has no content.Cole, Robert (31 March 1993). "TT Group results beat expectations". The Independent. Archived from the original on 26 May 2022. Retrieved 12 November 2014.
  6. ^ Page Module:Citation/CS1/styles.css has no content."Vishay loses in bid for British firm". The Philadelphia Inquirer. 22 August 1990. Retrieved 2 July 2011.
  7. ^ Page Module:Citation/CS1/styles.css has no content.Cole, Robert (22 July 1994). "TT pays pounds 16m for Dale Electric". The Independent. Retrieved 8 February 2024.
  8. ^ Page Module:Citation/CS1/styles.css has no content."TT GROUP WORKS ITS MAGIC ON BOMBED-OUT ACQUISITIONS". techmonitor.ai. 12 September 1995.
  9. ^ Page Module:Citation/CS1/styles.css has no content.Unnikrishnan, Rajesh (31 August 2007). "Paramount to buy UK's AEI Cables". The Economic Times. Retrieved 8 February 2024.
  10. ^ Page Module:Citation/CS1/styles.css has no content."TT Group sticks to electronics". The Telegraph. 15 May 2001. Retrieved 8 February 2024.
  11. ^ Page Module:Citation/CS1/styles.css has no content.Shepard, Jeff (24 June 2001). "TT Group Changes Name to TT electronics". eepower.com.
  12. ^ Page Module:Citation/CS1/styles.css has no content."TT Electronics buys New Chapel Electronics". Evertiq. 2 April 2008. Retrieved 8 February 2024.
  13. ^ Page Module:Citation/CS1/styles.css has no content."TT electronics opens new production centre in Romania". news.cision.com. 8 October 2012.
  14. ^ Page Module:Citation/CS1/styles.css has no content.Manners, David (22 December 2015). "TT Electronics buys Aero Stanrew". electronicsweekly.com.
  15. ^ Page Module:Citation/CS1/styles.css has no content."TT Electronics". manufacturing-today.com. 14 October 2017.
  16. ^ Page Module:Citation/CS1/styles.css has no content.Manners, David (5 June 2018). "TT Electronics buys Precision of Minneapolis". electronicsweekly.com.
  17. ^ Page Module:Citation/CS1/styles.css has no content."TT Electronics Completes Acquisition of Stadium Group". eetimes.com. 18 April 2018.
  18. ^ Page Module:Citation/CS1/styles.css has no content."TT Electronics to acquire Torotel". prnewswire.com. 17 September 2020.
  19. ^ Page Module:Citation/CS1/styles.css has no content.Manners, David (25 March 2021). "TT Electronics expands Bedlington facility". electronicsweekly.com.
  20. ^ Page Module:Citation/CS1/styles.css has no content."TT Electronics Expands State of the Art Facility in Bedlington, UK". iconnect007.com. 26 March 2021.
  21. ^ Page Module:Citation/CS1/styles.css has no content.Manners, David (16 April 2021). "TT Electronics opens Plano facility and looks to recruit". electronicsweekly.com.
  22. ^ Page Module:Citation/CS1/styles.css has no content."TT Electronics expands footprint in Mexico and Malaysia". adsadvance.co.uk. 27 July 2023.
  23. ^ Page Module:Citation/CS1/styles.css has no content."TT Electronics opens new facility in Manchester". adsadvance.co.uk. 23 November 2023.
  24. ^ Page Module:Citation/CS1/styles.css has no content."Woking-based TT Electronics buys Ferranti for £9 million". The Business Magazine. 10 January 2022. Retrieved 8 February 2024.
  25. ^ Page Module:Citation/CS1/styles.css has no content."TT Electronics acquires Ferranti Technologies business for £9m". uktech.news. 10 January 2022.
  26. ^ Page Module:Citation/CS1/styles.css has no content.Emerson, Stephen (4 August 2023). "Surrey's TT Electronics sees rise in operating profit". insidermedia.com.
  27. ^ Page Module:Citation/CS1/styles.css has no content.Wise, Anna (16 September 2024). "TT Electronics shares flop after warning over US factory troubles". The Independent.
  28. ^ Page Module:Citation/CS1/styles.css has no content."TT Electronics sees final results delayed". Market Screener. 25 February 2025. Retrieved 26 March 2025.
  29. ^ Page Module:Citation/CS1/styles.css has no content."Major manufacturer TT Electronics warns US tariffs 'could cast doubt' on trading ability". Business Live. 10 April 2025. Retrieved 28 January 2026.
  30. ^ Page Module:Citation/CS1/styles.css has no content.Hail, Oliver (10 April 2025). "TT Electronics tumbles as CEO steps down, wide profit outlook for 2025 amidst tariff uncertainty". proactiveinvestors.co.uk.
  31. ^ Page Module:Citation/CS1/styles.css has no content.Fahy, Michael (25 March 2026). "TT Electronics remains in a state of flux". investorschronicle.co.uk.
  32. ^ Page Module:Citation/CS1/styles.css has no content.Lamb, John (12 December 2024). "Volex drops TT Electronics bid after several attempts". proactiveinvestors.co.uk.
  33. ^ Page Module:Citation/CS1/styles.css has no content."Listed TT Electronics set for £287m takeover". Business Cloud. 30 October 2025. Retrieved 31 October 2025.
  34. ^ Page Module:Citation/CS1/styles.css has no content.Symcox, Jonathan (30 October 2025). "Listed TT Electronics set for £287m takeover". businesscloud.co.uk.
  35. ^ Page Module:Citation/CS1/styles.css has no content.Evertiq (8 January 2026). "TT Electronics shareholders reject acquisition offer from Cicor". evertiq.com. Retrieved 8 January 2026.
  36. ^ Page Module:Citation/CS1/styles.css has no content.Manners, David (16 December 2025). "TT Electronics' largest shareholder to vote against sale of the company". electronicsweekly.com.
  37. ^ Page Module:Citation/CS1/styles.css has no content."Sweeping changes at TT Electronics after £287m takeover collapse". businesscloud.co.uk. 10 April 2026.
  38. ^ Page Module:Citation/CS1/styles.css has no content."TT Electronics: Our business". TT Electronics. 10 February 2018. Retrieved 6 December 2016.
  39. ^ Page Module:Citation/CS1/styles.css has no content."Electronic Design Expert". tronicszone.com. Retrieved 29 July 2017.

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