As reported in Invest in Israel, “Israel has been an important market for TTI for many years due to its significant growth in high-tech and the electronics industry.” – TTI CEO and president Paul Andrews.
Electronics components maker TTI Inc, a Berkshire Hathaway company, bought Net-Aye Technologies Ltd., a leading specialized interconnect and LED distributor located in Kfar-Saba Israel.
The management team will remain in place and will report to TTI President and CEO Paul Andrews, during the 2010 transition.
Net-Aye is a subsidiary of Bar-Tec Ltd. and was founded in 1998.
TTI distributes passive, interconnect, electromechanical and discrete components to electronic manufacturers worldwide. Headquartered in Fort Worth, Texas, TTI has over 30 branches throughout Europe and Asia in addition to its 25 branches in North America.