ÅF Pöyry acquires CTT Systems’ electronic unit
ÅF Pöyry acquires CTT Systems’ electronic unit in Gustavsberg, Sweden. Through the acquisition, the company strengthens its offer within product development, maintenance and support.
CTT Systems AB is the leading supplier and manufacturer of products that regulate and control humidity in aircraft. The company’s electronic unit, CTT Gustavsberg, develops electronics and carries out small scale, high quality production. A number of projects are underway and serial deliveries for defense industry clients are ongoing. The products include audio systems, support systems, pilot microphones, moisture control systems and electronics units for underwater systems.
”With the acquisition, we strengthen our offer within product development. We thus become an even stronger partner to our clients by offering production together with concept development, R&D, industrialization and support and maintenance. As a result, ÅF Pöyry is able to add value in a larger part of the product life cycle”, says Jonas Gustavsson, CEO and President, ÅF Pöyry.
”I am glad that the specialist expertise we have built at CTT Gustavsberg is now being passed on to ÅF Pöyry so that the business can continue to develop with broader deliveries to other parts of the industry, such as automotive, telecom and industrial technology”, says Torbjörn Johansson, CEO, CTT Systems.
CTT Gustavsberg has annual sales of SEK 12 million and employs approximately ten people. CTT Gustavsberg will be consolidated by ÅF Pöyry as of September 1, 2019.
ÅF Pöyry AB (publ)
For further information, please contact:
Jonas Larsson, Head of Business Area Connected Products
+46 70 330 01 27
Cathrine Sandegren, EVP and Head of Communications and Brand
+46 70 292 68 26
ÅF Pöyry AB (publ), SE-169 99 Stockholm, Sweden
Visitors’ address: Frösundaleden 2, 169 70 Solna, Sweden
Tel. +46 10 505 00 00 Fax +46 10 505 00 10
www.afconsult.com / email@example.com
Corporate ID number 556120-6474
ÅF Pöyry is a leading international engineering, design and consultancy company. We create solutions for our clients from a sustainability perspective and based on global trends such as urbanisation and digitalisation. We bring together over 16,000 dedicated experts in the fields of infrastructure, industry and energy, all of whom work globally to create sustainable solutions for future generations.