TT purchase adds Chinese manufacturing plant -

TT purchase adds Chinese manufacturing plant

LONDON — Resistor and sensor technology developer, TT Electronics, has expanded its activities in China through the acquisition of Dage Limited (DBS), an operating division of Dage Holdings Limited and the holding company of Dage Backplane Systems Limited an electronic manufacturing services business with facilities in Suzhou, near Shanghai.

John Newman, executive chairman of TT electronics, said, “While we have been manufacturing in China through subcontracting arrangements, acquiring our own manufacturing facility represents a significant opportunity for TT electronics to expand its electronic components business in this increasingly important market.

TT has paid £8.0million in cash for DSB which had a turnover of £19.3million producing profits before tax of £1.2 million in the year ended 30 April 2004.

DBS is an established contract electronics manufacturer which has manufacturing facilities in Aylesbury in the UK and well as those in Suzhou.

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