M&A Deal Summary

KYOCERA AVX Acquires TT Electronics - Transportation Sensing & Control Division

On July 19, 2017, KYOCERA AVX acquired semiconductors company TT Electronics - Transportation Sensing & Control Division from TT Electronics for 119M GBP

Acquisition Highlights
  • This is KYOCERA AVX’s 1st transaction in the Semiconductors sector.
  • This is KYOCERA AVX’s largest (disclosed) transaction.
  • This is KYOCERA AVX’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-07-19
Target TT Electronics - Transportation Sensing & Control Division
Sector Semiconductors
Buyer(s) KYOCERA AVX
Sellers(s) TT Electronics
Deal Type Divestiture
Deal Value 119M GBP

Target

TT Electronics - Transportation Sensing & Control Division

Weybridge, United Kingdom
TT Electronics - Transportation, Sensing & Control Division is a manufacturer of temperature, position, and speed, exhaust/emission control sensors.

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Buyer(S) 1

Buyer

KYOCERA AVX

Fountain Inn, South Carolina, United States

Category Company
Founded 1972
Sector Electrical Equipment
Revenue 1.8B USD (2019)
DESCRIPTION

KYOCERA AVX is an international manufacturer and supplier of a vast portfolio of advanced electronic components, including capacitors, inductors, filters, resistors, couplers, diodes, and circuit protection devices, as well as a broad range of innovative sensor, control, interconnect, and antenna solutions. With 33 research, design, manufacturing, and customer support facilities in 16 countries around the world, the company offers significant competitive advantages, including delivery and production capabilities optimized to suit each individual customer’s just-in-time inventory requirements, and global engineering teams experienced in developing new-to-market product solutions specially designed to fulfill customer’s unique application requirements. It serves the automotive, industrial, medical, military, consumer electronics, communications, and transportation markets. KYOCERA AVX was formed in 1972 and is based in Fountain Inn, South Carolina.


DEAL STATS #
Overall 1 of 6
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 3
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Ethertronics

San Diego, California, United States

Ethertronics, Inc. is a developer and manufacturer of high efficiency antennas for cellular phones. Over 150 million Ethertronics’ antennas have been shipped worldwide in cell phones, WiFi/WiMax, GPS, and Bluetooth markets.

Buy $150M

Seller(S) 1

SELLER

TT Electronics

Woking, United Kingdom

Category Company
Founded 1906
Sector Electronics
Employees4,740
Revenue 614M GBP (2023)
DESCRIPTION

TT Electronics provides sensing and control technologies, integrated manufacturing services. TT Electronics was founded in 1906 and is based in Woking, the United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector (Semiconductors) 1 of 1
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Aero Stanrew

Barnstaple, United Kingdom

Aero Stanrew is a designer and manufacturer of electronic and electromagnetic modules used principally in the civil aerospace, defence, energy and space market sectors.

Buy $63M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-18 Stadium Group

Reading, United Kingdom

Stadium Group is a fully integrated design-led electronics technology solutions and global manufacturing and fulfilment solutions, simplifying the supply chain and reducing time to market for customers. Company businesses delivers wireless, power and interface solutions supported by electronics assembly, combining a flexible, collaborative approach, industry expertise and a solid commitment to quality bringing tangible benefits to our customers in design, competitiveness and speed to market. Stadium Group is based in Reading, United Kingdom.

Buy -