FORT WORTH, TEXAS – February 26, 2010 – TTI, Inc. announced today the company has acquired United Kingdom based Flightspares Electronics Ltd., a specialty distributor of interconnect products for the railway and military/aerospace market segments. Flightspares is recognized as the premier distributor for Tyco Electronics in the U.K. and Ireland.
TTI Europe President, Gene Conahan, commented, “This acquisition strengthens our approach to growing our connector business, especially with Tyco Electronics, and the added capabilities with Flightspares, especially with their specialized technical expertise, will open new customer opportunities for TTI. We have terrific growth opportunities in connectors and the talent of the Flightspares personnel will strengthen our ability to become a leader in the interconnect market.”
Paul Green, Flightspares’ Managing Director said, “We are delighted to become a part of the growing TTI family. We both share the philosophy of being focused, specialized distributors and this partnership will not only give us expanded opportunities to grow with TTI, but it will also be a positive move forward for our employees.”
This purchase marks the third acquisition by TTI since being purchased by Berkshire Hathaway in 2007.
About TTI, Inc.
TTI, Inc., a Berkshire Hathaway company, is a specialty distributor of passive, interconnect, electromechanical and discrete components. TTI is the distributor of choice for electronic manufacturers worldwide. TTI’s extensive product line includes: resistors, capacitors, connectors, potentiometers, trimmers, magnetic circuit protection, filters, relays, switches, sensors and discrete semiconductor devices. TTI is recognized as the industry’s leader in service and quality and provides a broad array of supply chain services to its customer base. Headquartered in Fort Worth, Texas, TTI employs 2,000 with more than 50 locations throughout North America, Europe and Asia. For more information about TTI visit www.ttiinc.com.