TT Electronics

TT Electronics

Electronics manufacturing for medical, automation, aerospace

Overview

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About TT Electronics

Simplify's Rating
Why TT Electronics is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Aerospace

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Woking, United Kingdom

Founded

1812

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Simplify's Take

What believers are saying

  • FY2025 operating profit rose 2.2% to £37.2 million while revenue fell 2.7%.
  • Net debt fell almost £30 million to £50.3 million, leverage dropped to 1.1x.
  • 2026 guidance targets £5 million gross savings and consensus-level revenue and profit.

What critics are saying

  • Collapsed Cicor takeover exposed activist frustration and leaves TT without a strategic buyer.
  • Plano’s closure removed £3.5 million second-half profit; 2026 cannot repeat that support.
  • North American EMS weakness and Asia transfer costs pressure margins until 2027.
  • Executive churn persists: CEO Peter France left, interim CFO Richard Webb bridged, Ian Ashton arrived late.

What makes TT Electronics unique

  • NASA Dragonfly selected TT Electronics Hallogic sensors for Titan fan assemblies in May 2026.
  • TT’s aerospace and defense power electronics won Collins Aerospace’s $10.3 million classified DoD contract.
  • TT cut Plano, stabilized Cleveland, and realigned into Power, EMS, Components in 2026.

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Funding

Total Funding

$0

Below

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Gym Membership

Paid Vacation

Paid Holidays

Stock Price

Company News

Astron1
May 27th, 2026
TT Electronics Hallogic(R) sensors selected for NASA's Dragonfly mission to Titan.

TT Electronics Hallogic(R) sensors selected for NASA's Dragonfly mission to Titan. When the destination is 886 million miles away, component failure isn't an option. TT Electronics has announced that its Hallogic(R) Hall-effect sensors, part of the Optek Technology portfolio, have been selected for integration into fan assemblies aboard NASA's Dragonfly rotorcraft. Designed to explore Saturn's moon Titan, Dragonfly represents one of the most ambitious planetary science missions ever conceived, studying the moon's surface composition, geology, and atmospheric conditions across multiple landing sites. Managed by Johns Hopkins Applied Physics Laboratory and currently scheduled for launch in 2028, Dragonfly demands components that can perform without compromise, across extreme temperatures, deep space radiation, and a mission timeline measured in years, not months. TT Electronics' Hallogic(R) OMH3075S delivered exactly that. Hallogic(R) OMH3075S - Built for Where It Counts Most The OMH3075S is a high-reliability, non-contact Hall-effect sensor engineered for motion sensing and switching in the most demanding environments on and off Earth. Operating temperature range: -55°C to +150°C Broad supply voltage compatibility Non-contact sensing for extended reliability and zero mechanical wear Designed for military, aerospace, and space-grade applications Available in B and S screening versions processed to MIL-STD-883 ESD Class 3B per MIL-STD-883 Its selection for the Dragonfly fan assemblies reflects the kind of long-term performance consistency that mission-critical programs require from day one through end of life. Let's collaborate. Astron Electronics is proud to represent TT Electronics throughout Southern California. Whether you're supporting an aerospace program, a defense application, or a high-reliability industrial design, Astron1 is here to connect you with the right sensing and power solutions, and the technical expertise to back them up. [email protected] astron1.com 714-891-8971

BusinessCloud
Apr 10th, 2026
Sweeping changes at TT Electronics after £287m takeover collapse.

Sweeping changes at TT Electronics after £287m takeover collapse. Directors to stand down as former Airbus and BAE figure appointed next chair, while next CFO also named by listed firm TT Electronics plc has named its next chair and CFO, while two non-executive directors are to stand down. The listed firm saw a proposed £287 million takeover by Swiss electronics group Cicor collapse earlier this year after shareholders voted against the deal. In the wake of that development, TT chairman Warren Tucker confirmed plans to step down as chairman in May after serving two three-year terms. Now it has confirmed that Phil Swash will succeed him with effect from the end of TT's Annual General Meeting, to be held on 15th May. Swash is a highly experienced chairman and CEO with a distinguished career in global engineering businesses including Airbus, BAE Systems, GKN, Latecoere and Survitec. He brings deep expertise in aerospace, defence, automotive and marine sectors. Swash is currently the non-executive chairman of Survitec Group Ltd and non-executive director of Cael Nova AG. Swash said: "I believe that TT Electronics has huge potential, I am excited by the opportunity and look forward to working closely with Eric and the rest of the TT Board in contributing to the business and its growth strategy." After two three-year terms as chair of the audit committee and more recently as senior independent director, Anne Thorburn has informed the TT board of her intention to stand down. She will remain on the board in her current capacity until her successor has been recruited and has offered herself for re-election at the company's upcoming AGM. In addition, after completing a three-year term as a non-executive director, Mick Ord has informed the board that he will not offer himself for re-election at the AGM to concentrate on his other business activities. TT said this morning that it will welcome Ian Ashton as CFO in the coming months. He has served as CFO at SIG plc, a supplier of specialist insulation and sustainable building products and solutions, since July 2020. "I am delighted to welcome Phil to TT Electronics," said Eric Lakin, CEO. "He has a wealth of industry experience and he brings an in-depth knowledge of the aerospace and defence sector. "He joins us at a time when we continue to execute on our strategic direction and strong platform for growth, underpinned by our four priorities of divisional realignment, cost reduction, sales transformation and portfolio optimisation." Tucker said: "Since Covid TT and the board have been required to navigate a number of challenges; Mick and Anne have been pivotal in doing so and have worked relentlessly to use their expertise, business experience and judgement to help put TT in the best possible position to succeed. "On behalf of the board and the company, I would like to express our huge gratitude for their service, and also thank Anne for agreeing to remain until her successor has been recruited."

Yahoo Finance
Mar 25th, 2026
TT Electronics cuts debt by $38M, shifts to divisional structure amid transition year

TT Electronics reported fiscal 2025 revenue of £481.4 million, down 2.7% organically, but improved profitability with adjusted operating profit rising 2.2% to £37.2 million and margins expanding 30 basis points to 7.7%. The company generated strong cash flow of £29.9 million and reduced net debt by almost £30 million to £50.3 million, cutting leverage to 1.1x from 1.8x. CEO Eric Lakin described 2025 as a "year of transition", marked by operational actions including closing the loss-making Plano site and stabilising the Cleveland facility. European aerospace and defence revenues grew 12%, offsetting weakness in North American and Asian EMS markets. For 2026, TT is restructuring into three divisions and targeting £5 million in gross cost savings. The company expects revenue and adjusted operating profit in line with market consensus.

NewsnReleases
Oct 30th, 2025
Cicor acquires TT Electronics for £287M

Swiss electronics manufacturer Cicor Technologies Ltd. will acquire British rival TT Electronics Plc in a cash and share deal valued at approximately £287 million. TT shareholders will receive 100 pence in cash and 0.0028 new Cicor shares per TT share, valuing each TT share at 155 pence, a 64% premium. The deal will create the largest global EMS provider in the high-mix, low-volume sector. The combined company is expected to have revenues of over CHF 1.2 billion (£1.1 billion).

Mönch Publishing Group
Sep 10th, 2025
TT Electronics AX-FORCE, a modular bidirectional power conversion solution announced at DSEI 2025

TT Electronics, announced on September 10 the launch of their newest power conversion solution for aerospace and defence - AX-FORCE Bidirectional power converter, on show at DSEI from 9 - 12 September 2025 in Hall N4, booth #315.

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