TT Electronics

Last updated

TT Electronics plc
Company type Public limited company
LSE:  TTG
ISIN GB0008711763  OOjs UI icon edit-ltr-progressive.svg
Founded1988;37 years ago (1988)
FoundersWilliam Tyzack
Benjamin Turner
Headquarters Woking, Surrey
Key people
RevenueDecrease2.svg £521.1 million (2024) [1]
Decrease2.svg £(23.5) million (2024) [1]
Decrease2.svg £(53.4) million (2024) [1]
Number of employees
4,972 (2022) [1]
Website www.ttelectronics.com

TT Electronics Plc is a global manufacturer of electronic components and provider of manufacturing services, headquartered in Woking, England.

Contents

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]

In the 1990s the electronics activities were expanded with the acquisitions of the Magnetic Materials Group, AB Electronic Products Group and BI Technologies. [4]

Further expansion was made with the purchase of Dale Electric International in 1994, [6] and the AEI Group, which was the Wire and Cables Division of the General Electric Company, in 1997. [7]

In 2000, the company changed its name to TT Electronics plc. [8]

The company bought New Chapel Electronics, a manufacturer of interconnection systems for the aerospace industry, in 2008 [9] and the Power and Control business of Ferranti Technologies, a manufacturer of mission-critical power and control sub-assemblies, in 2022. [10]

In February 2025, the company delayed its results announcement after encountering "operational execution challenges" in its North American business. [11]

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. [12] Product brands are AB Connectors, Aero Stanrew, BI Technologies, Cletronics, IRC, Optek Technology, Roxspur Measurement and Control, Semelab and Welwyn Components. [13]

References

  1. 1 2 3 4 "Annual Results 2024" (PDF). TT Electronics. Retrieved 15 April 2025.
  2. "W. Tyzack, Sons and Turner". Grace's Guide. Retrieved 8 February 2024.
  3. "TT Electronics: our story". The London Stock Exchange. Retrieved 8 February 2024.
  4. 1 2 "About Us - History". Ttelectronics.com. Archived from the original on 13 November 2014. Retrieved 12 November 2014.
  5. Robert Cole (31 March 1993). "TT Group results beat expectations" . The Independent . Archived from the original on 26 May 2022. Retrieved 12 November 2014.
  6. "TT pays pounds 16m for Dale Electric". The Independent. 22 July 1994. Retrieved 8 February 2024.
  7. "Paramount to buy UK's AEI Cables". The Economic Times. 31 August 2007. Retrieved 8 February 2024.
  8. "TT Group sticks to electronics". The Telegraph. 15 May 2001. Retrieved 8 February 2024.
  9. "TT Electronics buys New Chapel Electronics". Evertiq. 2 April 2008. Retrieved 8 February 2024.
  10. "Woking-based TT Electronics buys Ferranti for £9 million". The Business Magazine. 10 January 2022. Retrieved 8 February 2024.
  11. "TT Electronics sees final results delayed". Market Screener. 25 February 2025. Retrieved 26 March 2025.
  12. TT Electronics (10 February 2018). "TT Electronics: Our business" . Retrieved 6 December 2016.
  13. "Electronic Design Expert" . Retrieved 29 July 2017.