TT Electronics Plc

Company Profile

■URL

http://www.ttelectronics.com

■Address

Fourth Floor, St Andrews House, West Street, Woking, Surrey, GU21 6EB, UK

Business Overview

-The Company develops and manufactures electronic components for a variety of markets including the transportation, industrial, energy, medical, defense and aerospace markets.

-As of August 2017, the Company is organized into three divisions: Sensors and Specialist Components, Power Electronics, and Global Manufacturing Solutions.

-On October 2017, the Company completed the divestiture of its Transportation Sensing and Control division to the AVX Corporation, acting through its AVX Limited subsidiary. The Company received total cash consideration of GBP 123.5 million.

Shareholders

 (As of Mar. 5, 2018)
Shareholders Voting rights (%)
Aberforth Partners LLP 12.0
FIL Limited (Fidelity International) 9.5
NN Group N.V. 5.2
JO Hambro Capital Management 5.1
Tameside MBC re: Greater Manchester Police 5.1
Schroders plc 4.9
Tweedy, Browne Company LLC 4.9
Aberdeen Asset Managers Limited 4.8

Products

-Surge protection resistors for wiper and control modules
-Current sense resistors
-HV resistors for voltage control
-Inrush current limiting resistors
-Precision resistors for voltage monitoring
-Power resistors for load dump
-Power inductors
-Current transformers
-Battery system connectors
-Electric vehicle charging resistors
-LED modules

History

May 1992 Acquired JP 2000 Corp.
Jul. 1992 Acquired Magnetic Materials Group plc.
Jan. 1993 Acquired AB Electronic Products Group PLC.
1993 Disposed of United Packaging PLC.
Acquired a minority interest in Twine & Cordage Manufacturing Co.
Aug. 1994 Acquired Dale Electric for a consideration of GBP 16,300,000 in shares and cash.
1994 Acquired the following: Comcare Systems Ltd. and Polymer Insulators Ltd.
Jul. 1995 Acquired Race Electronics.
Oct. 1995 Acquired Linton and Hirst Group Ltd. and Scorpio Power Systems Ltd.
1997 Acquired the business of Thames Wire & Cables (Pty) Ltd.
Purchased an additional 51% shareholding in Ottomotores Dale SA de CV, making this company a wholly owned subsidiary.
Mar. 1997 Acquired the Wire and Cables Division from The General Electric Company, plc at a cost of GBP 27.0 million.
Jun. 1998 Acquired the trade and assets of Wire Systems Technology (Proprietary) Limited, for a total cost of GBP 1.9 million.
Nov. 1998 Disposed of the maintenance business of Wolsey Comcare Limited, and on Dec. 3, 1998, the Company sold the issued share capital of AB Stratos Limited for a total consideration of GBP 1.6 million.
May, 1999 Acquired Prestwick Holdings plc. Started production of PCB for European OEMs.
Jan. 2000 Acquired BI Technologies Group from Emerson Electric Co. for total cost of GBP 39.7 million.
Sep. 2002 Acquired 3,273,135 shares of PRESSAC PLC. As of the acquisition, the Company's total share holding in PRESSAC was 21%.
Mar. 2003 Announced the acquisition of the business of Demo, based at Le Mans, France.
Mar. 2005 Acquisition of Chinese company, Dage Limited.
Oct. 2005 Announced the closure its French based climate control plant.
Sep. 2007 Announced to sell AEI Cables Limited, a manufacturer of power cables, to a subsidiary of Paramount Cables Limited (India).
Aug. 2008 Acquisition of Semelab Ltd. (UK) to strengthen its position in the automotive, aerospace and other markets.
Jan. 2009 Reorganized the five divisions within the Company to four divisions.
Jun. 2009 The closure of the AB Electronic facility in Romford (UK) is due to be completed by June 30, 2009.
July, 2011 Divested the late business in the General Industrial division.
Aug. 2011 Announced to close the Boone, North Carolina, U.S. manufacturing plant in 2012.
2012 Closed the Boone plant in North Carolina, U.S.
Divested the Secure Power division.
Oct. 2017 Completed divestiture of the Transportation Sensing and Control Division to AVX Corporation through the subsidiary of AVX Limited. The Company received total cash consideration of GBP 123.5 million for the transaction.

Supplemental Information 1