www.auto-innovations.net
22
'24
Written on Modified on
TTI News
TTI Europe acquires specialist transportation cable assembly manufacturer and interconnect distributor Raffenday Limited
The acquisition will support the bespoke connectivity solutions required by customers in low and high-voltage applications.
TTI, Inc. – Europe, a leading specialty distributor of Interconnect, Passive, Electromechanical, Sensor, Discrete and Power components, announces the acquisition of Raffenday Ltd.
Raffenday Ltd is a specialist manufacturer and distributor of low and high-voltage cable assemblies and interconnect component solutions for the automotive and transportation markets. With production and a distribution center in the UK plus facilities in Slovakia, Raffenday’s high-quality, technical resources and value-added services complement TTI’s capabilities. Their specialization in connectivity solutions continues to add versatility and flexibility to support customers’ requirements.
Raffenday will continue to run independently as part of the TTI Family of Specialists using its 37 years of extensive experience to work alongside the TTI IP&E business to develop a comprehensive go-to-market strategy.
“We are delighted to be bringing Raffenday into the TTI Family of IP&E Specialists, and excited about working closely with the Raffenday team,” says Geoff Breed, Vice President Marketing TTI, Inc. – Europe.
“There are many synergies between our two companies, including shared ideas on core distribution values and a strong focus on quality and customer service, thus making this acquisition a perfect fit. With a focus on TE Connectivity and Aptiv, two of our main product lines, Raffenday is renowned in the UK for its low- and high-voltage cable assembly solutions as well as interconnect distribution in the automotive and transportation sectors. With a TTI world-class broad and deep inventory, Raffenday now has off-the-shelf access to our complete portfolio to better respond to customers’ specific needs. It’s an exciting time with high-voltage applications growing fast, especially with the accelerated rollout of EV and associated infrastructure, battery energy storage systems (BESS) for renewable energy storage and grid stability enhancements.”
About the acquisition announcement, Simon Blincow, General Manager and Sales Director, Raffenday Ltd, says: “With a legacy spanning 37 years in the specialised automotive and transportation sectors, Raffenday Ltd proudly joins the TTI family. With TTI’s extensive inventory and renowned expertise as a leading IP&E distributor, we anticipate accelerated growth in the upcoming years. Catering to diverse industries including specialist vehicles, industrial machinery, marine, and the evolving high-voltage and electric vehicle sectors, our alignment with TTI signifies a seamless synergy for Raffenday’s journey ahead.”
www.ttieurope.com
