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TT Electronics Plc is a global manufacturer of electronic components and provider of manufacturing services, headquartered in Woking, England. The company engineers and manufactures sensors, power modules, resistors, magnetics, semiconductors, connectors and optoelectronics for the industrial, aerospace and defence, medical and transportation markets.[1]

TT Electronics sells to large manufacturers across the world and has three divisions – Sensors and Specialist Components, Power Electronics and Global Manufacturing Solutions.

In 2017, the company employed 4100 staff across 21 locations worldwide.[2]

Listed on the London Stock Exchange (TTG.L), TT Electronics Plc reported a pre-tax profit of £31.5m (US$43.2m) on sales of £476.2m (US$652.3m)[3] in 2021.

Product brands are AB Connectors, Aero Stanrew, BI Technologies, Cletronics, IRC, Optek Technology, Roxspur Measurement and Control, Semelab and Welwyn Components.[4]

History

Tyzack Turner Group plc, a company listed on the London Stock Market, was renamed TT Group plc in 1988.[5]

In the 1990s the electronics activities were expanded with the acquisitions of the Magnetic Materials Group, AB Electronic Products Group and BI Technologies.[5] Further expansion was made with the purchase of Dale Electric International and the AEI Group, the Wire and Cables Division of General Electric Company plc.[5]

In 2000, the company changed its name to TT Electronics plc.[5]

In 1990, TT Group acquired Crystalate Manufacturing Company, a British resistors and sensors manufacturing company.[6]

Operations

TT Electronics has two main business units: "Sensors and Specialist Components" and "Power and Connectivity". The Sensors and Specialist Components business unit designs and manufactures sensors, resistors, and other electronic components for the aerospace, defense, medical, and industrial markets. The Power and Connectivity business unit designs and manufactures power supplies, connectors, and other electronic components for the automotive, energy, and industrial markets.

The company has over 21 manufacturing locations worldwide, including in the United Kingdom, United States, Mexico, China, and Malaysia. TT Electronics also provides engineering services, including design, prototyping, and testing, to its customers.[7][8]

Corporate Responsibility

TT Electronics is committed to corporate responsibility and sustainability. The company has set targets to reduce its carbon emissions and water usage, and it has implemented a number of initiatives to reduce waste and increase recycling. TT Electronics is also committed to ethical sourcing and has established a Supplier Code of Conduct.

In 2020, TT Electronics was recognized by the London Stock Exchange as one of the "1000 Companies to Inspire Britain", which recognizes fast-growing and dynamic businesses in the United Kingdom.[9][10][11]

References

  1. ^ TT Electronics (10 February 2018). "TT Electronics: Our business". Retrieved 6 December 2016.
  2. ^ TT Electronics (10 February 2018). "TT Electronics website". Retrieved 6 December 2016.
  3. ^ "2021 Final Results, 9 March 2022". London Stock Exchange. 9 March 2022. Retrieved 26 May 2022.
  4. ^ "Electronic Design Expert". Retrieved 29 July 2017.
  5. ^ a b c d "About Us - History". Ttelectronics.com. Archived from the original on 13 November 2014. Retrieved 12 November 2014.
  6. ^ Robert Cole (31 March 1993). "TT Group results beat expectations". The Independent. Archived from the original on 26 May 2022. Retrieved 12 November 2014.
  7. ^ "About Us". TT Electronics. Retrieved 11 March 2023.
  8. ^ "Business Units". TT Electronics. Retrieved 11 March 2023.
  9. ^ "Sustainability". TT Electronics. Retrieved 11 March 2023.
  10. ^ "Supplier Code of Conduct". TT Electronics. Retrieved 11 March 2023.
  11. ^ "1000 Companies to Inspire Britain 2020". London Stock Exchange. Retrieved 11 March 2023.

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