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TTI, Inc., Fort Worth, TX, an indirect, wholly owned subsidiary of Berkshire Hathaway, has acquired NPCS Autotronics Co. Ltd. Based in Shanghai, China, NPCS Autotronics is a specialty distributor of connector products used in the transportation market segment. The company is an official distributor of Delphi Connection Systems.
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"The acquisition of NPCS Autotronics represents an integral part of TTI's Transportation Business Unit Strategy in Asia," said Gene Conahan, president, TTI Europe and Asia. "I am very much looking forward to the value the NPCS core competencies will add to our transportation customers and suppliers in the region."
TTI will establish a new a branch in Shanghai to be led by Li-Wei Chen, director of PRC Business/Deputy General Manager of NPCS Autotronics. Chen and his existing team of 14 NPCS associates will serve as the cornerstone of TTI's Transportation Business Unit in Asia.