TTI Agreement to Acquire SMD Inc.

TTI Inc. has entered into a purchase agreement to acquire SMD Inc., a privately held electronic component distributor headquartered in Irvine, California. Upon completion of the transaction, SMD President/Owner Rich Unruh will continue to lead the company, reporting to Don Akery, President, TTI Americas. SMD Inc. is a specialty, authorized distributor of electronic and electrical components, services, and logistic solutions in North America. The acquisition is subject to the applicable waiting period and customary closing conditions, including regulatory approvals. The transaction is expected to close by January 1, 2022.