TT Electronics plc (LON: TTG) CEO Richard Tyson joins DirectorsTalk to discuss its trading update to the end of October 2019. Richard explains why he is happy with the level of organic revenue growth in the last 10 months, what’s in the pipeline, how the acquisition of an aerospace and defence power supply business will enhance the business and what investors can expect to see over the coming months from TT.
TT Electronics is a global provider of engineered electronics for performance-critical applications.
The company operates in industries where there are structural growth drivers, working with market-leading customers in industrial, medical, aerospace and defence, and transportation sectors. Products designed and manufactured include sensors, power management devices and connectivity solutions. TT has design and manufacturing facilities in the UK, US, Sweden and Asia.
The company has three divisions. The Sensors and Specialist Components division works with customers to develop standard and customised solutions including sensors and power management devices. Our solutions improve the precision, speed and reliability of critical aspects of our customers’ applications. The Power and Connectivity division designs and manufactures power application products and connectivity devices which enable the capture and wireless transfer of data. We collaborate with our customers to develop innovative solutions to optimise their electronic systems. The Global Manufacturing Solutions division provides manufacturing services and engineering solutions for our product divisions and to customers that often require a lower volume and higher mix of different products. We manufacture complex integrated product assemblies for our customers and provide engineering services including designing testing solutions and value-engineering.