© mikael damkier dreamstime.com Electronics Production | March 26, 2019
TT Electronics acquires Power Partners
Global provider of electronic solutions, TT Electronics, has acquired Power Partners, a provider of medical and industrial specialist power products for the North American market.
The firm is based in Boston, Massachusetts, and is said to compliment TT’s global power electronics business with new products and design capabilities. This also builds TT’s offering in the connected health arena, tapping into Power Partners’ expertise in power solutions design for a broad spectrum of medical applications. This acquisition supports TT’s growth strategy, to expand its focus on design-led technology solutions and value-added complementary products. Building on recent acquisitions of Stadium Group plc and Precision Inc., this business activity is integral to TT’s emphasis on innovation, higher margins, and a strong position in complex electronics design and manufacturing. “Power Partners’ medical and industrial expertise drives strong synergies and cross-sell opportunities with other TT power solutions offerings. Together we are well-positioned to streamline the supply chain, reduce time to market, and fuel our mission to simplify the complex,” says Charlie Peppiatt, Executive Vice President, IoT Solutions, TT Electronics, in a press release. Power Partners also serves industrial customers in applications including telecommunications, printers, test and measurement instruments, factory automation, industrial controls, and consumer communications/networking devices. No information regarding the purchasing price has been disclosed.