TT Electronics, a world leader in engineered electronics for performance critical applications, recently announced the acquisition of Power Partners, a renowned provider of industrial and medical specialist power products for the North American market.
England-based TT Electronics Plc, a leading global producer of electronic components, has recently declared that it has purchased the Massachusetts-based Power Partners, an industrial and medical specialist power products maker for users in the North America.
If reports are to be believed, the acquisition augments products & design capabilities of TT Electronics’ power electronics business, inclusive of connected health. Reportedly, this move would also expand its North American footprint and enhance its focus on design-driven technology solutions and value-added complementary products.
According to a news release by the TT Electronics, leveraging the latest acquisitions of Precision Inc. and Stadium Group plc, this business move is important to TT’s focus on innovation, greater margins, and robust position in complicated electronic manufacturing and design.
TT solutions and systems are reinforced by integration capabilities and design and committed Research & Development centres intended to promote technological developments in wireless connectivity, power management, single board computing, and human machine interfaces, reported sources familiar with the development.
Charlie Peppiatt, Executive Vice President of Internet of Things solutions, TT Electronics, said in a statement that Power Partners’ industrial and medical expertise builds strong synergies and cross-sell prospects with other TT power solution offerings. Peppiatt also said that together the firms are well-positioned to organize the supply chain, decrease time to market, and fuel their goal to simplify the complex.
For the record, in addition to its medical solutions, Power Partners provides industrial customers with applications including printers, telecommunications, test and measurement instruments, industrial controls, factory automation, and consumer networking/communications devices.
Reportedly, terms of the deal have not been disclosed yet.