TT electronics plc of Surrey, England, 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 Perry, Ohio . This acquisition complements the group's existing EMS facilities in China, the UK and Malaysia -- establishing TT electronics with EMS operations in all its major geographical markets.

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, defense and communication markets. 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."

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