TT Electronics to acquire Torotel for $43.4 million

TT Electronics plc entered into a definitive merger agreement to acquire Torotel, Inc. for $43.4 million in cash. Torotel specializes in custom high reliability magnetics assemblies for aerospace and defense applications.

“Torotel, Inc. today announced that it has entered into a definitive merger agreement with TT Electronics plc for TT to acquire Torotel for $43.4 million in cash.”sec.gov

• 2 sources
• sec.govSep 17, 2020
• prnewswire.comTT Electronics to acquire TorotelTorotel Inc.Sep 17, 2020

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