TT Electronics Plc
Company Profile
■URL
https://www.ttelectronics.com/
■Address
Business Overview
-The Company is a global developer and manufacturer of electronic components serving for various markets including the transportation, industrial, energy, medical, defense, and aerospace markets.
-As of Dec. 31, 2022, the Company is organized into three divisions: Sensors and Specialist Components, Power Electronics, and Global Manufacturing Solutions.
Shareholders
| (As of Mar. 6, 2023) |
| Shareholders | Voting rights (%) |
| BlackRock, Inc | 9.7 |
| Aberforth Partners LLP | 9.1 |
| FIL Limited | 5.1 |
| Schroders plc | 5.1 |
| Slater Investments Ltd | 5.1 |
| M&G plc | 5.0 |
| Bennbridge Limited | 4.9 |
| Polar Capital LLP | 4.9 |
| Aberdeen Asset Management Ltd | 4.8 |
| NN Group N.V | 4.8 |
| Franklin Templeton Management Ltd | 4.6 |
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
-High power density chip resistors
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. |
| Nov. 2018 | Agreed to establish a joint venture with UniRoyal, "TT UR Precision Resistors" |
