RCS - TT Electronics PLC - Purchase of Sensing IP and Manufacturing Assets <Origin Href="QuoteRef">TTG.L</Origin>

TT electronicsAnnouncement

10/12/2015 12:21

RNS Number : 6684I
TT Electronics PLC
10 December 2015
Press Release
TT Electronics announces purchase of high-temperature sensing intellectual property and manufacturing assets from Thermoelemente und Widerstandsthermometer Geraberg GmbH (TWG) 
Weybridge, UK, 10 2015 -TT Electronics, a global provider of engineered electronics for performance critical applications, today announced the purchase of intellectual property and manufacturing assets from TWG, a leading temperature sensor manufacturer based in Martinroda, Germany. 
TWG is well recognised in the automotive market, working with leading global automotive OEMs, and is known for its innovative high-temperature technologies, with a proven pedigree for exhaust-gas, high-temperature sensors since 2008. In deciding to strengthen and extend its industrial applications portfolio for the future, TWG has chosen to transfer its established automotive business to a trusted partner.
Dr. Klaus Irrgang, Owner of TWG, said: "TWG has invested many years of engineering and design effort into this technology and is certain that TT Electronics, with its technical expertise and premium customer base, will continue to drive the successful development of advanced products. We have a long-term relationship with TT Electronics and we are delighted that TWG's technology will strengthen TT Electronics' portfolio. We wish them every success."
By bringing these high performance temperature technologies into its portfolio of high-temperature sensors, currently under the AB Elektronik brand, TT Electronics will extend its product range to include high-temperature sensing up to 1,150 C. 
Richard Tyson, Chief Executive of TT Electronics, said: "We are pleased to be able to strengthen TT Electronics' offering in managing engine performance, and to enable our customers to meet the next generation of standards in emission legislation."
"Fuel consumption has been further cut by novel, electronically managed combustion processes in the latest premium engine generation. To achieve maximum exploitation of the system's potential, temperatures of around 1,000 C need to be measured more precisely in future. The new high-temperature technology of TWG will enable us to serve the latest portfolio of customers' applications and to grow in the field of emission technologies," added Amrei Drechsler, Executive Vice President, Transportation Sensing and Control, TTElectronics.
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PR Reference: TT036
About TT Electronics plc
TT Electronics is a global provider of engineered electronics for performance critical applications. It works with market-leading customers in the transportation, industrial, medical, and aerospace and defence sectors.
With headquarters in Weybridge, UK, TT Electronics employs approximately 6000 staff and operates from 25 locations around the world. It has four divisions: Transportation Sensing and Control, Industrial Sensing and Control, Advanced Components, and Integrated Manufacturing Services.
For more information about TT Electronics visit www.ttelectronics.com.
About TT Electronics - Transportation Sensing and Control
TT Electronics' Transportation Sensing and Control division develops both sensors and control solutions for automotive OEMs and key suppliers such as powertrain suppliers for passenger cars and trucks. Our products are designed for a wide range of applications on a vehicle, from gear position and pedal sensors to fluid and emission sensors and with almost all of them focused on safety and driver assistance features valued by our customers.
We hold a range of important patents based on versatile technologies and offer our customers the expertise from successful cooperation with leading manufacturers of automotive.
For more information about TT Electronics - Transportation Sensing and Control visit www.abelektronik.com
Marketing contacts:
Sandra Gross
Head of Marketing Communications
TT Electronics
Transportation Sensing and Control
T: +49 2389 788 175
E: sandra.gross@abelektronik.de 
Liz Blair,
Group Marketing Communications Director
TT Electronics plc
T: +44 191 290 2001
E: liz.blair@ttelectronics.com
Press contact:
Oliver Davies
Client Services Director
Publitek
T: +44 1225 470 000
E: oliver.davies@publitek.com

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