Acquisition

TT electronics PLC
06 November 2006


                     TT electronics plc  ('TT electronics')

                  Acquisition of Apsco Holdings Inc. ('Apsco')


TT electronics plc, a world leader in sensor and electronic component
technology, is pleased to announce that it has acquired the entire issued share
capital of Apsco.  Apsco provides electronic manufacturing services (EMS) to
OEMs from its dedicated facility, based in Cleveland, USA.  This acquisition
complements the group's existing EMS facilities in China, the UK and Malaysia
and establishes TT electronics with EMS operations in all its major geographical
markets.

The purchase consideration is £14.9 million for gross assets of £13.5 million as
at 31 December 2005.  In the year ended 31 December 2005, Apsco reported pre tax
profits of £1.9 million on sales of £28.5 million. The net asset value at 31
December 2005 was £9.6 million. A deferred consideration of up to a maximum of
£1.0 million is payable, subject to certain performance criteria.  Apsco has
been acquired debt free from Morgenthaler Partners. The whole of the
consideration is payable in cash using the group's existing resources.

The majority of Apsco's revenues are from major customers with long term
relationships and it has well established positions in the office machine,
industrial, medical, defence and communication markets.  The company offers a
full range of services with a focus on supplying added value services including
prototype development, testing, box build, in-house coating, encapsulation and
total product life cycle management.


Benefits of the acquisition

  * The acquisition of Apsco, a well established, consistently profitable and
    growing business operating in the same area of activity as TT electronics,
    complements the organic growth of the group.

  * The acquisition broadens the geographic reach of TT electronics and
    enables the group to achieve a global EMS presence.

  * The acquisition provides access to a valuable customer base of major OEMs
    requiring US based suppliers.

  * The acquisition will create significant synergies with TT electronics'
    existing businesses. In particular, the group's EMS operation in China will
    gain access to previously untapped US customers while providing low cost
    manufacturing services previously unavailable to Apsco. The acquisition will
    also enhance the group's ability to service UK customers who require a US
    capability.


Commenting on the acquisition, John Newman, Executive Chairman of TT
electronics, said:

'We are delighted with the acquisition of Apsco which provides TT electronics
with an EMS presence in the US, representing the opportunity to extend the reach
of our EMS business to be truly global.  Apsco is a profitable business and we
believe that its future performance will benefit from access to our successful
and fast growing manufacturing business in China which will, in turn, benefit
from access to the large US market.'


Enquiries:

TT electronics plc
John W Newman, Executive Chairman                   Tel: [phone]

Biddicks
Zoe Biddick                                         Tel: [phone]




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