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Electronic components distributor TTI Inc., Fort Worth, TX, a Berkshire Hathaway subsidiary, has acquired privately held Compona AG of Switzerland and the company’s German subsidiary, Cosy Electronics GmbH.
Both Compona and Cosy are specialty distributors of interconnect products and provide services such as in-house assembly of specific connector ranges and full support on custom cable harnesses. Compona Group CEO Reit Morell will continue to lead Compona AG, reporting to Glyn Dennehy, TTI president, EMEA.
The acquisition will create the largest specialty distributorship of interconnect, passive and electromechanical products in Switzerland, and the addition of Cosy GmbH will expand the TTI footprint in Germany, TTI said.