Strengthens UK connector support team; boosts Tyco efforts
TTI, Inc., the global distributor of passive, interconnect, relay & switch and discrete components, has announced that it has signed a deal to acquire the assets of Flightspares Electronics Ltd, the UK-based specialist connector distributor.
Flightspares has been established in the UK and Irish markets for many years and has a strong reputation in the industrial, rail, transportation, marine and defence sectors. The company’s main franchise has always been Tyco Electronics – a franchise also held by TTI – so the acquisition is highly complementary for all parties, since it will allow TTI to expand and develop its activities with the world’s number one interconnect and passive component manufacturer.
Comments Glyn Dennehy, Senior Vice President and General Manager, TTI Inc., Europe: “This deal is in line with our desire to expand our connector sales. We have been active in the connector market for over 15 years in Europe and this acquisition fits our company strategy perfectly, strengthening our good relationship with the market leader in connector products and enhancing our capability and competence to the benefit of our key connector suppliers and customers.”