TT Electronics

Last updated

TT Electronics plc
Company type Public limited company
LSE:  TTG
ISIN GB0008711763  OOjs UI icon edit-ltr-progressive.svg
Founded1988;36 years ago (1988)
FoundersWilliam Tyzack
Benjamin Turner
Headquarters Woking, Surrey
Key people
RevenueDecrease2.svg £613.9 million (2023) [1]
Increase2.svg £8.7 million (2023) [1]
Increase2.svg £(6.8) million (2023) [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]

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

Related Research Articles

The General Electric Company (GEC) was a major British industrial conglomerate involved in consumer and defence electronics, communications, and engineering.

<span class="mw-page-title-main">Ferranti</span> British electrical engineering company

Ferranti or Ferranti International PLC was a UK electrical engineering and equipment firm that operated for over a century from 1885 until it went bankrupt in 1993. The company was once a constituent of the FTSE 100 Index.

The Marconi Company was a British telecommunications and engineering company that did business under that name from 1963 to 1987. Its roots were in the Wireless Telegraph & Signal Company founded by Italian inventor Guglielmo Marconi in 1897, which underwent several changes in name after mergers and acquisitions. The company was a pioneer of wireless long distance communication and mass media broadcasting, eventually becoming one of the UK's most successful manufacturing companies. In 1999, its defence equipment manufacturing division, Marconi Electronic Systems, merged with British Aerospace (BAe) to form BAE Systems. In 2006, financial difficulties led to the collapse of the remaining company, with the bulk of the business acquired by the Swedish telecommunications company, Ericsson.

TDK Corporation is a Japanese multinational electronics corporation that manufactures electronic components and recording and data-storage media. Its motto is "Contribute to culture and industry through creativity".

BAE Systems Inc. is an American subsidiary of British defense, security, and aerospace company BAE Systems plc. The American subsidiary operates under a Special Security Agreement which allows it to work on some of the most sensitive United States defense programs despite its foreign ownership. It is incorporated in Delaware. It employs approximately 35,000 workers within U.S. borders and several thousand more in Israel, South Africa, Sweden and the United Kingdom. Major business lines of BAE Systems Inc. include electronic warfare, sensing and communications equipment; armored vehicles, artillery systems; naval guns and naval ship repair; and cybersecurity and intelligence services.

Tracor was a major North American defense electronics contractor which was acquired by Marconi Electronic Systems (MES), a subsidiary of General Electric Company plc, in 1998. Following the purchase of MES by British Aerospace in November 1999 to form BAE Systems, Tracor became BAE Systems Integrated Defense Solutions. Following a 2005 reorganisation, the company became BAE Systems Sensor Integration, part of Electronics and Integrated Solutions.

Smiths Group plc is a British, multinational, diversified engineering business headquartered in London, England. It operates in over 50 countries and employs 15,000 staff. Smiths Group is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Cobham Limited is a British aerospace manufacturing company based in Bournemouth, England.

Parker Meggitt is a British international company specialising in components and sub-systems for the aerospace, defence and selected energy markets. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Parker Hannifin in September 2022.

BAE Systems Electronic Systems (ES) is one of three operating groups of BAE Systems Inc., the North American subsidiary of the British global defence contractor BAE Systems PLC.

<span class="mw-page-title-main">TE Connectivity</span> Swiss-domiciled technology company

TE Connectivity Ltd. is an American Swiss-domiciled technology company that designs and manufactures connectors, sensors, relays, contactors, and application tooling for several industries, such as automotive, industrial equipment, data communication systems, aerospace, defense, medical, oil and gas, consumer electronics and energy.

Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.

<span class="mw-page-title-main">CMC Electronics</span> Canadian avionics manufacturer

CMC Electronics Inc. is a Canadian avionics manufacturer. The company's main manufacturing facility is located in Montreal, Quebec with additional facilities located in Ottawa, Ontario and Sugar Grove, Illinois.

Yageo Corporation(國巨公司) is a Taiwanese Taiwan-based electronic component manufacturing company, founded in 1977. The company specializes in passive devices — resistors, capacitors and inductors. As of January 2020 they were the third largest passive component manufacturer in the world.

<span class="mw-page-title-main">Chemring Group</span> United Kingdom business

Chemring Group plc is a global business providing a range of advanced technology products and services to the aerospace, defence and security markets. Chemring has extensive operations in the Americas, Europe, Middle East and Asia.

<span class="mw-page-title-main">Vishay Intertechnology</span> American semiconductor manufacturer

Vishay Intertechnology, Inc. is an American manufacturer of discrete semiconductors and passive electronic components founded by Polish-born businessman Felix Zandman. Vishay has manufacturing plants in Israel, Asia, Europe, and the Americas where it produces rectifiers, diodes, MOSFETs, optoelectronics, selected integrated circuits, resistors, capacitors, and inductors. Vishay Intertechnology revenues for 2023 were $3.4 billion. At the end of 2023, Vishay had approximately 23,500 full-time employees.

Teledyne e2v is a manufacturer with its headquarters in England, that designs, develops and manufactures systems and components in healthcare, life sciences, space, transportation, defence and security and industrial markets. The company was previously known as English Electric Valve Company and for a short time Marconi Applied Technologies. e2v was acquired by US company Teledyne Technologies in March 2017.

Esterline Technologies Corporation was a publicly traded company that designs, manufactures, and markets specialty products primarily for aerospace and defense customers. The company is best known as a supplier of products and equipment for aerospace companies such as Boeing and Airbus; and for American and allied military forces.

Early in the twenty-first century, foreign investment as well as government regulations and incentives promoted growth in the Indian electronics industry. The semiconductor industry, which is its most important and resource-intensive sector, profited from the rapid growth in domestic demand. Many industries, including telecommunications, information technology, automotive, engineering, medical electronics, electricity and solar photovoltaic, defense and aerospace, consumer electronics, and appliances, required semiconductors. However, as of 2015, progress was threatened by the talent gap in the Indian sector, since 65 to 70 percent of the market was dependent on imports.

discoverIE Group Independent electronic components designer, manufacturer and supplier

discoverIE Group plc is an international designer and manufacturer of customised and niche electronic components for industrial use. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

References

  1. 1 2 3 4 "Annual Results 2023" (PDF). TT Electronics. Retrieved 7 March 2024.
  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 (10 February 2018). "TT Electronics: Our business" . Retrieved 6 December 2016.
  12. "Electronic Design Expert" . Retrieved 29 July 2017.