Elbit sells Ferranti Power in UK restructuring
Israeli defence equipment maker Elbit Systems has sold off its Ferranti Power and Control business in Manchester for £9m (E11m, $12m) as part of a restructuring of its UK operations.
The power business has been part of Ferranti Technologies which was bought by Elbit in 2007. It was originally part of the Manchester-based Ferranti group that helped drive the computer and semiconductor industry in the 1970s and 80s but collapsed into bankruptcy in 1993 after the ill-fated merger with scandal hit International Signal and Control in the US.
Elbit is restructuring its UK business to integrate the remaining business of Ferranti Technologies, including training and simulation, avionics, display systems, aircrew survival systems, platform protection and computing, into Elbit Systems UK.
Elbit Systems UK首席执行官Martin Fausset表示：“这种重组是我们将活动重点关注某些领域的战略的一部分，以支持我们在英国的运营和合作的持续扩展。”
此次出售意味着Elbit UK现在有十个站点，雇用了500多人从事一系列高科技和专业制造活动，用于军事和平民应用。
It has two joint ventures, delivering the Watchkeeper UAV programme for the British Army and supplying and supporting a fleet of 38 aircraft for the UK MOD Military Flying Training School. Elbit Systems UK was also recently selected by the UK MOD to provide the MORPHEUS Battlefield Management Application for the British Army.
The deal will see Ferranti P&C become part of the UK aerospace and defence business of TT Electronics, adding to the power conversion and power management portfolio.
The UK manufacturing in Manchester provides opportunities for supply chain streamlining and consolidation for many key industry partners. TT says it will invest in the business to accelerate growth prospects and support continued expansion of differentiated engineering capability for the design and development of custom high-reliability power solutions.
“我们很高兴完成了Ferranti Power和Control Business的收购。这代表了我们的功率能力的重要一步，并且是重要的一步。” TT Electronics首席执行官Richard Tyson说。“该组织是我们现有的英国足迹中理想的战略拟合度，并为我们的航空航天和国防产品增加了进一步的信誉和重要的工程专业知识。能够欢迎Ferranti Power and Control团队加入TT组真是太棒了。”
Ferranti also had a semiconductor fab in Manchester which became Zetex Semiconductor and was sold to Diodes in 2008.
www.elbitsystems-uk.com;www.ttelectronics.com
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