# Cicor acquires TT Electronics IoT Solutions Ltd for GBP 20.8M

Cicor Group has signed an agreement to acquire TT Electronics IoT Solutions Ltd from TT Electronics PLC for GBP 20.8 million. The acquisition includes three production sites in the UK and China, employing over 500 people.

- Type: Acquisition
- Announced: 2024-03-04
- Where: Hartlepool, Newport, Dongguan, United Kingdom
- Value: $26.4M (20.8M GBP)
- Jobs: 500
- Status: announced
- Products: high-end electronics, electronics manufacturing services
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [TT Electronics](https://endata.com/companies/19406.md) (target)
- [Cicor Group](https://endata.com/companies/76021.md) (acquirer)
- [TT Electronics IoT Solutions Ltd](https://endata.com/companies/76022.md) (target)

## Sources

- [cicor.com](https://www.cicor.com/en/news/article/cicor-acquires-tt-electronics-iot-solutions-ltd-from-tt-electronics-plc-and-becomes-the-leading-supplier-of-high-end-electronics-in-the-uk/), 2024-03-04: "Cicor has signed an agreement to acquire TT Electronics IoT Solutions Ltd, with three production sites in the UK and China."

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