TT Electronics buys Ferranti P&C

Author: EIS Release Date: Jan 17, 2022

TT Electronics has acquired the Ferranti Power and Control business (Ferranti P&C) from Elbit Systems for £9 million.

 

Ferranti P&C is a UK based manufacturer of power electronics and power systems for the aerospace and defence markets located in the greater Manchester area.

 

The acquisition strengthens TT’s UK aerospace and defence footprint and further enhances the capabilities of their power conversion and power management portfolio.

 

With a recognised and reputable customer base, many of whom are supported by TT already, this acquisition will also bring opportunities for supply chain streamlining and consolidation for many key industry partners.

 

Ferranti P&C provides access to a range of recognised programs across both the military aerospace and commercial and business aerospace sectors with sole-sourced positions on major key platforms.

 

TT is committed to investing in the business further to accelerategrowth prospects and support continued expansion of differentiated engineering capabilityfor the design and development of custom high-reliability power solutions.

 

Richard Tyson, CEO, TT Electronics commented:

 

“Ferranti P&C is an ideal strategic fit within our existing UK footprint and adds further credibility and significant engineering expertise to our aerospace and defence offering,” says TT CEO Richard Tyson.