Acquisition of a major Czech manufacturer of electronic devices, AWOS.
Prague, June 26, 2020 – This week, the TTC group, represented by TTC HOLDING, completed the acquisition of the Pardubice company AWOS and thus became the owner of a 90 % stake. The remaining share is retained by the founder and previous majority owner Václav Vondra.
“AWOS has long been one of the most important Czech manufacturers of electronic devices. Its acquisition significantly expands the production and development capacities of the TTC Group and at the same time opens up new market segments where we have not yet operated. Besides, the group is a significant provider of communication and security solutions for state critical infrastructure operators. We will now be able to offer them solutions that are entirely independent of the supply of electronics from countries that are a security risk”, says Luboš Müller, Director of Business Development in Modern Technologies at TTC HOLDING, which covers the group.
AWOS is an established purely Czech company focusing on the development and production of industrial electronics. It is one of the largest Czech producers in this area. It offers its customers comprehensive solutions starting from the design and development of HW / FW to the creation of a prototype to serial production and servicing. Its customers include, for example, companies in the power utilities, food processing, consumer electronics, telecommunications, defence, automotive or healthcare industries.
In 2019, the AWOS reported revenues over CZK 91 million, and the company’s net turnover reached CZK 95 million.