TTI, Inc.

TTI, Inc.

Type	Subsidiary
Industry	Electronics
Founded	1971 (1971) in Fort Worth, Texas, United States
Headquarters	Fort Worth, Texas, United States
Key people	Paul Andrews, Jr., CEO Mike Morton, COO Chris Goodman, CFO Susan Sumners, CIO Don Akery, president, TTI Americas Glynn Dennehy, president, TTI Europe Anthony Chen, president, TTI Asia Yigal Fundt, president, TTI Israel
Products	Electronic components
Revenue	US$ 3.5 Billion (2017)
Number of employees	5,600+ (2017)
Parent	Berkshire Hathaway
Website	www.ttiinc.com

TTI, Inc. is a specialty distributor of electronic components that include, but are not limited to: capacitors, resistors, connectors, switches, relays, circuit protection, electromagnetics, discrete semiconductors, sensors, RF modules, antennas, and more.

The company was founded by Paul Andrews in 1971. A former buyer for General Dynamics, the global aerospace and defense company, Andrews developed a specialized approach to electronic component distribution with emphasis on available-to-sell inventory, sophisticated supply chain programs and the industry’s first, formal Total Quality Management program.

Originally named Tex-Tronics, Inc., Andrews changed the name to TTI, Inc. in 1973 to avoid a legal dispute involving another company with a similar name.

Founded to serve aerospace and defense equipment manufacturers, the company’s customers now include manufacturers in the transportation, industrial, medical, and communications sectors. ^[1]

TTI, Inc. and its wholly owned subsidiaries Mouser Electronics, Sager Electronics and Symmetry Electronics employ over 5,600 people at more than 100 locations throughout North America, Europe and Asia.

TTI's global headquarters is located Fort Worth, Texas and maintains over 2,000,000 square feet of dedicated warehouse space globally.

European headquarters is located near Munich, Germany, and include over 275,000 square feet of distribution capacity.

Asia headquarters is located in Singapore, with distribution centers in Hong Kong and China, totaling over 270,000 square feet of distribution capacity.

TTI has seven proximity warehouses located in Mexico: Tijuana, Hermosillo, Chihuahua, Juarez, Acuna, Reynosa, Guadalajara, with a combined total distribution capacity over 92,000 square feet.

TTI is a wholly owned, indirect subsidiary of Berkshire Hathaway Inc.

Relevant chronology:

TTI, Inc. entered the European market in 1992 with its first office in Munich, Germany. Since that time the company’s European reach has spread to over 40 countries. In 2008 TTI acquired the Mateleco Group, the number one connector distributor in France becoming the number one distributor in both passives and connectors in France. ^[2]

TTI Inc. opened its first office in Asia in Singapore in 2000. Reach has since expanded to include three warehouses and 16 offices in 11 countries.

In 2000, TTI acquired Mouser Electronics, a broad-line catalog distributor based in Mansfield, Texas. Mouser is now a worldwide, authorized distributor of semiconductors and electronic components for over 700 industry manufacturers. The company specializes in the rapid introduction of new products and technologies for design engineers and buyers. ^[3]

In December 2006, Paul Andrews agreed to sell majority ownership of TTI to Warren Buffett controlled Berkshire Hathaway. The acquisition was completed on March 30, 2007. ^[4]

In 2012, Sager Electronics, a New England-based distributor with roots dating back to the 1800s, joined the TTI and Berkshire Hathaway family. Today Sager specializes in power products and services a North American customer base via headquarters in Middleborough, MA, and a national network of field account representatives and engineers, and a Power Solutions Center in Carrollton, TX. ^[5]

TTI Israel was formally established in 2013 through the combined acquisitions of Net-Aye Components (acquired in 2010) and Ray-Q (acquired in 2013). ^{[6] [7]}

Specialty semiconductor distributor Symmetry Electronics was added to the TTI Family of Companies in 2017. Symmetry is the leading technical distributor of wireless, cellular, Bluetooth, embedded and video semiconductor technology. ^[8]

In 2018, building out the company’s semiconductor business in a meaningful way, TTI acquired South Korean CHANGNAM, a specialty distributor of semiconductors principally focused on the automotive, consumer electronics, industrial and wireless end markets. ^[9]

Regional headquarters^[10]

• TTI Europe, est. 1992
• TTI Asia, est. 2000
• TTI Israel, est. 2013

Subsidiaries^[11][12]

They include:

• Mouser Electronics
• Sager Electronics
  • PowerGate LLC^[13]
  • Novell Electronics^[14]
• Symmetry Electronics
• Changnam I.N.T.LTD.

Acquisitions

North America

• 2000 Mouser Electronics ^[15]
• 2004 Capsco ^[16]
• 2008 NTI
• 2012 Sager Electronics ^[17]
• 2015 Norvell Electronics (Sager)
• 2014 Astrex
• 2014 PowerGate (Sager)
• 2017 Power Sources Unlimited (Sager) ^[18]
• 2017 Symmetry Electronics ^[19]

Europe

• 2008 Mateleco Group
• 2010 Flightspares
• 2012 Campbell Collins

Asia

• 2010 Net-Aye ^[20]
• 2012 NPCS Autotronic ^[21]
• 2013 Ray-Q ^[22]
• 2014 HuaTong Electronics ^[23]
• 2017 CHANGNAM I.N.T.LTD.

References

External links

• Company homepage