StockMarketWire.com - TT Electronics, which supplies electronics for performance critical applications, said it had acquired precision electromagnetic product specialist Precision for an initial consideration of $23.5 million.

Up to an additional $4.0m would become payable subject to the businesses performance.

'Precision brings new design, simulation and manufacturing capabilities to TT in electromagnetics, one of our focus areas for growth,' TT said.

Precision's products were primarily sold into medical applications, including pace makers, neurological implants and other in-body equipment. as well as external diagnostic equipment, such as dialysis machines and MRI scanners.




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