Acquisition

TT electronics PLC
02 April 2008


TTG.L


                               TT electronics plc


             Acquisition of New Chapel Electronics Limited ('NCE')


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 NCE. NCE is based in the UK and designs and manufactures specialist
interconnection systems for the aerospace and defence markets. The acquisition
will complement TT electronics' successful and growing interconnection systems
business by providing improved sales channels to the high margin military and
civil aerospace sectors.

The initial consideration for the acquisition is £4.2 million and is subject to
agreement of completion accounts. This is payable in cash, with further deferred
consideration of up to a maximum of £1.0 million payable on 28 February 2009,
subject to the achievement of certain performance criteria. In the year ended 28
February 2007 NCE reported EBIT of £0.13 million on sales of £5.2 million. After
non recurring costs, the adjusted EBIT was £0.58 million. NCE is being acquired
debt free and funded entirely from the group's existing cash resources.


Commenting on the acquisition, Neil Rodgers, Chief Executive of TT electronics,
said:

'I am pleased to announce this acquisition which is in line with our strategy of
making bolt-on acquisitions to enhance growing business units. NCE supplies
custom-made products which achieve high profit margins. As the business is
complementary to our existing operations in the sector, we expect to derive
further benefit from the acquisition through exploiting cross selling
opportunities and better purchasing opportunities. NCE is profitable, has an
excellent customer base and will provide our already successful interconnection
systems operations with additional momentum.'


Enquiries:

TT electronics plc                               Tel: [phone]
Neil Rodgers, Chief Executive

Biddicks                                         Tel: [phone]
Zoe Biddick




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