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TTI, Inc. Acquires Symmetry Electronics


Symmetry Electronics Team in Press Releases on July 05, 2017


Fort Worth, TX and Hawthorne, CA – TTI, Inc. today announced the acquisition of Symmetry Electronics, a privately held semiconductor component distributor headquartered in Hawthorne, California. Symmetry Electronics will operate as a wholly-owned subsidiary of TTI, Inc., current management will remain in place, Symmetry’s day-to-day activities and operations will not be affected by the ownership change.

Paul Andrews, TTI founder, Chairman and Chief Executive Officer, stated “The acquisition of Symmetry Electronics is a natural extension of our Specialist distribution model. TTI has long heard from customers their wish to have TTI-like semiconductor distributor as part of their supply chain, and from semiconductor manufactures their desire to have 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.”

According to Symmetry co-founders Gil Zaharoni and Joe Caravana “There could be no more perfect fit for the continued success of our partners and employees than TTI. Our mission to bring technical value to our customers while driving demand for our suppliers through a focused line card is a strategy TTI has been successful with for decades. We are very pleased to be counted among TTI Inc. subsidiaries Mouser Electronics and Sager Electronics.”

Going forward, TTI will actively support Symmetry’s management team in accelerating investment in the business through inventory investment, expansion of the sales, marketing and engineering teams, and expansion of backend infrastructure.

Andrews added, “It’s a real pleasure to welcome the successful and hardworking people at Symmetry Electronics and their partners to the TTI and Berkshire Hathaway family.”


Contact: Cathy Walensky
Corporate Communications Manager
817-740-9000
cathy.walensky@ttiinc.com
http://www.ttiinc.com


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Symmetry Electronics Team in Press Releases on July 05, 2017

About Symmetry Electronics Team

Established in 1998, Symmetry Electronics is a focused global distributor of wireless connectivity solutions, sensors, and audio-video technologies. Offering comprehensive design support and available-to-ship inventory, Symmetry is committed to helping engineers accelerate time to market, reduce costs, and offer modern solutions for their IoT designs. Acquired by the Berkshire Hathaway company TTI, Inc. in 2017, Symmetry Electronics is headquartered in Los Angeles with international offices in Mexico, Canada, and China.

About Berkshire Hathaway

Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B. For more information about Berkshire Hathaway, visit www.BerkshireHathaway.com.

About Symmetry Electronics

In July 2017, Symmetry Electronics was acquired by TTI, Inc., a Berkshire Hathaway company. As an authorized global semiconductor distributor offering technical support, sales and distribution of wireless and video technologies, Symmetry has been selling electronic components since 1998. Symmetry serves customers with a worldwide sales and engineering team delivering technical services alongside an e-commerce experience. With its focused line card, expansive inventory and unsurpassed technical support, Symmetry strives to support design engineers and buyers throughout the design cycle and into production. The company is headquartered in Los Angeles with international offices in Mexico, Brazil, Canada and China. For more information, visit www.symmetryelectronics.com.

About TTI, Inc.

TTI, Inc., a Berkshire Hathaway company, is an authorized, specialty distributor of electronic components. Founded in 1971, the emphasis on a broad and deep product portfolio, available-to-sell inventory and sophisticated supply chain programs have established TTI as a distributor of choice to manufacturers in the industrial, defense, aerospace, transportation, medical, and communications sectors worldwide. TTI and its wholly owned subsidiaries, the TTI Family of Companies, Mouser Electronics, Sager Electronics and TTI Semiconductor Group employ over 7,000 people in more than 133 locations throughout North America, South America, Europe, Asia and Africa. Globally, the company maintains over 2 million square feet of dedicated warehouse space housing over 850,000 component part numbers. For more information, visit www.tti.com.

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