The acquisition adds products and design capabilities to TT’s power electronics business, including in connected health, according to TT. It also expands TT’s North American footprint and strategy to expand its focus on design-led technology solutions and value-added complementary products. Terms of the deal were not disclosed.
The Power Partners acquisition follows TT’s recent purchases of Stadium Group (Reading, U.K.), a supplier of connectivity products and services, power supplies, human-machine interface (HMI) and electronic assemblies, and Minneapolis-based Precision, a designer and manufacturer of precision electromagnetic product solutions for critical applications.
“Power Partners’ medical and industrial expertise drives strong synergies and cross-sell opportunities with other TT power solutions offerings. Together we are well-positioned to streamline the supply chain, reduce time to market, and fuel our mission to simplify the complex,” said TT Electronics EVP of IoT solutions Charlie Peppiatt in a prepared statement.
In addition to its medical business, Power Partners serves industrial customers in applications including telecommunications, printers, test and measurement instruments, factory automation, industrial controls, and consumer communications/networking devices.