WOKING, U.K. - TT Electronics announced it has acquired the Ferranti Power and Control business (Ferranti P&C) from Elbit Systems for $12 million. Ferranti P&C is a UK based manufacturer of power electronics and power systems for the aerospace and defense markets located in the greater Manchester area.
Ferranti P&C provides access to a range of recognized programs across both the military aerospace and commercial and business aerospace sectors with sole-sourced positions on major key platforms. TT Electronics says it is committed to investing in the business further to accelerate growth prospects and support continued expansion of differentiated engineering capability for the design and development of custom high-reliability power solutions.
"We are delighted to have completed the acquisition of the Ferranti Power and Control business," Richard Tyson, CEO, TT Electronics says. "This represents a significant step and great addition for our power capability. The organization is an ideal strategic fit within our existing UK footprint and adds further credibility and significant engineering expertise to our aerospace and defense offering. It’s fantastic to be able to welcome the Ferranti Power and Control team into the TT group."
