TT Electronics announces acquisition of Precision

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  TT Electronics announces acquisition of Precision

5. June 2018 – TT Electronics, a supplier of engineering electronics for mission-critical applications, announced the acquisition of Precision, a developer and manufacturer of precision electromagnetic product solutions for critical applications. Headquartered in Minneapolis, USA, Precision employs approximately 160 people who serve customers in the medical, industrial, aerospace and defense industries.

Precision brings design, simulation and manufacturing capabilities to TT in electromagnetics, a growth focus. Precision products are sold primarily for medical applications such as pacemakers, neurological implants and other in-body devices, as well as external diagnostic devices such as dialysis machines and MRI scanners. Precision also serves industrial, aerospace and defense customers in applications such as satellite power supplies and aerospace guidance systems.

TT will provide Precision with customer and market access in Europe and Asia, supported by a global field application engineering team and sales network. TT's operational footprint will provide production and supply chain capacity in Asia to support customers in the region.

Together with Precision, TT now has a global portfolio of electromagnetic product solutions with development capabilities in the US, UK and Asia region.

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