TTI, Inc., a world leading specialist distributor of electronic components, has broken ground on a new extension to its European headquarters and warehouse. This follows hard on the heels of news of similar expansion in the USA, Mexico and Asia and is in direct response to business growth, which is significantly above the distribution sector in general. The new European facility will add 18,000m² of office and warehouse space and is scheduled to be operational from the second half of next year.
Comments Geoff Breed, Vice President Marketing, Europe at TTI, Inc.: “We’ve been enjoying CAGR of around 10% over recent years and we will be ahead of the market again in 2017. One of the key pillars of our success is availability of inventory – we stock broad and deep across our franchise portfolio, so as we grow we have to add more stock. Plus of course, we have also added new areas such as power and evolved our sensor position, both of which mean we need products available to support those technologies.
Breed continues: “We are sticking with the strategies which have made us successful. We focus on being a specialist and partner, with a carefully selected number of suppliers – all leading names in their sectors – and we develop very close relationships with them so that we can jointly service our customers. That means we also have to employ specialists in our focus business sectors – Defense, Aerospace & Space, Automotive & Transportation including electric vehicles, and Industrial, where the driver is Industry 4.0. We have dedicated teams to support these activities so we can offer real market specific expertise and a focused strategy to support our customers’ requirements today and as they evolve.”
About TTI, Inc.
TTI, Inc., a Berkshire Hathaway company, is one of the world’s leading specialist distributors of passive, connector, electromechanical, discrete, power and sensor components. TTI’s philosophy is “Lead by Design”, and the company differentiates itself by focusing on people, parts and process. TTI in Europe strives to be the distributor of choice for customers and suppliers alike by introducing new product technologies and by stocking broad and deep inventory across its franchise base. TTI’s sophisticated inventory management system ensures the ability to service changes in demand due to fluctuating markets and supply chains. For more information about TTI, please visit www.ttieurope.com.