Clairfield advises TT Electronics on the acquisition of Roxspur

TT Electronics is a GBP 500 million turnover group quoted on the London stock exchange. They supply electronics to the world’s leading manufacturers in the transportation, industrial aerospace defence and medical markets.

Roxspur — based in Sheffield — is a supplier of temperature, flow, pressure and level sensors to the oil and gas, power generation, water management and materials processing sectors.

The acquisition of Roxspur, which will form part of the Sensing and Control division, accelerates TT’s strategy to develop its position in attractive industrial markets. This includes process control and will complement the Group’s existing technologies and products, providing a platform for future growth.

RM&C is an important addition to the Sensing & Control Division and the products and customers are a complementary fit. With an impressive portfolio of measurement and control products for demanding industrial applications and a strong customer base with blue-chip clients, there are opportunities to expand sales of RM&C products globally through sensing and control channels and expand into other industries and applications.

“We engaged Clairfield to assist us with the research and origination of targets in the UK and abroad. They understood our acquisition criteria and identified a number of targets. Clairfield conducted the process in a discrete, confidential manner and we are pleased with the successful acquisition. We continue to work with Clairfield on additional projects moving forward.” – Tim Roberts, TT Electronics Director