Ferranti P&C is a UK based manufacturer of power electronics and power systems for the aerospace and defence markets and is located in Manchester.
The acquisition will help to strengthen TT’s UK aerospace and defence footprint and further enhances the capabilities of the company's power conversion and power management portfolio. With a recognised customer base, many of whom are supported by TT already, this acquisition is seen as bringing a number of opportunities for supply chain streamlining and consolidation for many key industry partners.
Ferranti P&C provides access to a range of recognised programs across both the military aerospace and commercial and business aerospace sectors with sole-sourced positions on major key platforms.
TT said that it was 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.
Richard Tyson, CEO, TT Electronics commented, "This represents a significant step and great addition for our power capability. The organisation is an ideal strategic fit within our existing UK footprint and adds further credibility and significant engineering expertise to our aerospace and defence offering.”
Michael Leahan, COO, TT Electronics added, “The acquisition of Ferranti Power and Control is well aligned with our global strategy of becoming a world leader in power conversion and power management. The addition of their talented team of engineers and product portfolio will help us build leading positions in high-reliability markets including aerospace and defence. The business fits well with our two most recent power electronics acquisitions in the USA, and we are now in an even stronger position to provide high-performance power solutions and a world-class service experience to our combined network of blue chip customers.”