comment on this article

TT Electronics to buy Stadium for £45.8m

Stadium's Hartlepool assembly plant

Stadium Group is being acquired by TT Electronics in a £45.8million deal. According to TT, the move will position the enlarged business as an increasingly product-focused provider of differentiated solutions for its global customers.

Richard Tyson, TT’s CEO, said: “The acquisition is an important step to accelerate our strategy of building leading positions in sectors where increasing electrification is fuelling demand for our highly engineered electronic solutions.

“We look forward to welcoming Stadium's employees and combining power electronics capabilities and R&D expertise to drive growth for the combined business. Stadium will add complementary technologies including connectivity offerings, in industries we already know well.”

Responding, Stadium’s chairman Nick Brayshaw, noted: “The Stadium Board's strategy in transitioning the company to a design-led technology business with a focus on wireless connectivity, power and interface and displays has been successful and is now entering the next phase of growth.

“The strategic fit with TT is strong and the Stadium Board believes that the combined business provides considerable scope for accelerating the development of Stadium’s strategy.”

TT says it has increased investment in R&D to launch more new products as it increasingly works alongside its customers to provide engineered electronic solutions. Meanwhile, it adds, Stadium has successfully grown its Technology Products division through organic investment and acquisitions, setting up three R&D centres to position the business for future growth.

Stadium has two divisions – Technology Products, contributing around 60% of revenues, and Electronic Assemblies. The former division handles connectivity solutions, wireless solutions, power supplies and HMI solutions; while the latter provides electronic manufacturing services to global OEMs.

Graham Pitcher

Comment on this article

This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team.

What you think about this article:

Add your comments


Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles

Get to market faster

A quick look at using Vicor's PFM and AIM in VIA packaging for your AC to Point ...

Digital consciousness

​Would you consider uploading your brain to the cloud if it meant you could ...

End game

How are IoT technologies keeping vaccines safe, in storage and transit, and in ...

Building resilience

James Woodhead talks to New Electronics about the need to build greater ...