# 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.

- Type: Acquisition
- Announced: 2020-09-17
- Where: Olathe, Kansas, USA, United States
- Value: $43.4M
- Status: announced
- Products: precision magnetic components, high voltage transformers, toroidal coils, inductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [TT Electronics](https://endata.com/companies/19406.md) (acquirer)
- [Torotel, Inc.](https://endata.com/companies/49983.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/98752/000110465920107776/tm2031432d1_ex99-1.htm), 2020-09-17: "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."
- [prnewswire.com](https://www.prnewswire.com/news-releases/tt-electronics-to-acquire-torotel-301133374.html), 2020-09-17: "We are very excited to join TT, a global provider of engineered electronics for performance critical applications."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.