With its most recent acquisition of Symmetry Electronics—a privately held global distributor of semiconductor components— TTI Inc. will continue to expand its specialist distribution model. The partnership will further diversify TTI’s distribution offerings, which currently include interconnect, passive, and electromechanical (IP&E) components. The new subsidiary will add wireless and video technologies to its offerings.
Symmetry Electronics will operate as a wholly-owned subsidiary of TTI, and continue to operate separately and independently of the parent company. Headquartered in Los Angeles with international offices in Mexico, Brazil, Canada and China, it will keep its current management in place during the acquisition. Symmetry Electronics’ worldwide sales and engineering team will continue to deliver technical services to its customers alongside an e-commerce experience.
“TTI has long heard customers express their desire to have a TTI-like semiconductor distributor as part of their supply chain, and from semiconductor manufacturers a wish for a distributor in their path to market with the focus, scale and commitment to inventory of TTI. In Symmetry we envision a path to ultimately providing, on a large global scale, an answer to these wishes and desires,” says Paul Andrews, CEO of TTI Inc.
TTI, Inc. is a Berkshire Hathaway company, and an authorized, specialty distributor of interconnect, passive, and electromechanical (IP&E) components. The company maintains 1.2 million cubic feet of dedicated warehouse space with more than 850,000 component part numbers. Symmetry will become another one of its subsidiaries in addition to Mouser Electronics and Sager Electronics.