# TT Electronics acquires Ferranti power and control business from Elbit for £9 million

TT Electronics Plc has acquired the power and control business of Ferranti Technologies Ltd. from Elbit System UK Ltd. for £9 million in cash. The acquisition is expected to be accretive to earnings and generate cost synergies.

- Type: Acquisition
- Announced: 2022-01-10
- Where: United Kingdom
- Value: $12.2M (9.00M GBP)
- Status: completed
- Products: power and control electronics
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [TT Electronics](https://endata.com/companies/19406.md) (acquirer)
- [Elbit Systems UK](https://endata.com/companies/34674.md) (partner)
- [Ferranti Technologies](https://endata.com/companies/60216.md) (target)

## Sources

- [rttnews.com](https://www.rttnews.com/3253756/tt-electronics-buys-ferranti-s-power-control-business-from-elbit-for-9-mln-pounds-in-cash.aspx), 2022-01-10: "TT Electronics Plc, a provider of electronic components and manufacturing services, has acquired the power and control business of Ferranti Technologies Ltd. from Elbit System UK Ltd. for 9 million pounds in cash."

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