TT Electronics plc completes the acquisition of Stadium Group plc
TT Electronics plc has announced that it has completed the acquisition of Stadium Group plc. Stadium designs and manufactures products for a wide range of applications including the smarter home, industrial robotics, medical equipment and aircraft cabin controls, working with significant customers in the industrial, aerospace and defence, medical and transportation sectors.
Stadium’s business is a complementary fit with TT Electronics’ strategy to build leading positions in sectors with structural growth drivers, and the proliferation of electronics is driving demand for TT Electronics’ solutions.
Richard Tyson, CEO, TT Electronics, commented: “I am delighted to welcome Stadium’s employees and customers to the TT Electronics family. Stadium adds complementary technologies, including connectivity offerings, in industries we already know well. By combining our power electronics capabilities and R&D expertise we will drive growth and opportunity for the newly enlarged TT Electronics. We are committed to providing value, adding engineering solutions and outstanding service, working with our customers to create smarter solutions together.”