TT Electronics

TT Electronics plc

Company type| Public limited company

Traded as

| LSE: TTG
ISIN| GB0008711763
Founded| 1988; 37 years ago (1988)
Founders| William Tyzack
Benjamin Turner
Headquarters| Woking, Surrey

Key people

* Warren Tucker
(Chairman)
* Peter France
(Chief executive officer)

Revenue|  £521.1 million (2024)[1]

Operating income

|  £(23.5) million (2024)[1]

Net income

|  £(53.4) million (2024)[1]

Number of employees

| 4,972 (2022)[1]
Website| www.ttelectronics.com

TT Electronics Plc is a global manufacturer of electronic components and provider of manufacturing services, headquartered in Woking, England.

## History

[edit]

The company has its origins in a firm of toolmakers, W. Tyzack Sons & Turner, which was established in Sheffield, in around 1867.[2] It was first listed on the London Stock Exchange in 1948.[3]

After the Sheffield works had been sold to a rival in 1987, the listed company, which was by then known as Tyzack Turner Group plc, was acquired by new management and was renamed TT Group plc in 1988.[4]

In 1990, TT Group acquired Crystalate Manufacturing Company, a British resistors and sensors manufacturing company.[5]

In the 1990s the electronics activities were expanded with the acquisitions of the Magnetic Materials Group, AB Electronic Products Group and BI Technologies.[4]

Further expansion was made with the purchase of Dale Electric International in 1994,[6] and the AEI Group, which was the Wire and Cables Division of the General Electric Company, in 1997.[7]

In 2000, the company changed its name to TT Electronics plc.[8]

The company bought New Chapel Electronics, a manufacturer of interconnection systems for the aerospace industry, in 2008[9] and the Power and Control business of Ferranti Technologies, a manufacturer of mission-critical power and control sub-assemblies, in 2022.[10]

In February 2025, the company delayed its results announcement after encountering "operational execution challenges" in its North American business.[11]

## Operations

[edit]

The company engineers and manufactures sensors, power modules, resistors, magnetics, semiconductors, connectors and optoelectronics for the industrial, aerospace and defence, medical and transportation markets.[12] Product brands are AB Connectors, Aero Stanrew, BI Technologies, Cletronics, IRC, Optek Technology, Roxspur Measurement and Control, Semelab and Welwyn Components.[13]

## References

[edit]

1. ^ a b c d "Annual Results 2024" (PDF). TT Electronics. Retrieved 15 April 2025.
2. ^ "W. Tyzack, Sons and Turner". Grace's Guide. Retrieved 8 February 2024.
3. ^ "TT Electronics: our story". The London Stock Exchange. Retrieved 8 February 2024.
4. ^ a b "About Us - History". Ttelectronics.com. Archived from the original on 13 November 2014. Retrieved 12 November 2014.
5. ^ Robert Cole (31 March 1993). "TT Group results beat expectations". The Independent. Archived from the original on 26 May 2022. Retrieved 12 November 2014.
6. ^ "TT pays pounds 16m for Dale Electric". The Independent. 22 July 1994. Retrieved 8 February 2024.
7. ^ "Paramount to buy UK's AEI Cables". The Economic Times. 31 August 2007. Retrieved 8 February 2024.
8. ^ "TT Group sticks to electronics". The Telegraph. 15 May 2001. Retrieved 8 February 2024.
9. ^ "TT Electronics buys New Chapel Electronics". Evertiq. 2 April 2008. Retrieved 8 February 2024.
10. ^ "Woking-based TT Electronics buys Ferranti for £9 million". The Business Magazine. 10 January 2022. Retrieved 8 February 2024.
11. ^ "TT Electronics sees final results delayed". Market Screener. 25 February 2025. Retrieved 26 March 2025.
12. ^ TT Electronics (10 February 2018). "TT Electronics: Our business". Retrieved 6 December 2016.
13. ^ "Electronic Design Expert". Retrieved 29 July 2017.

## External links

[edit]

* Official website

Authority control databases |

* ISNI

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