Torotel
Electronics · Kansas, United States · 51-200 Employees
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Overview
Headquarters
520 N Rogers Rd, Olathe, Kansas, 66062, ...Phone Number
(913) 747-6111Website
www.torotelinc.comRevenue
$16.3 MillionIndustry
ZI Rank: 1
Signal Type
Dec
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May
ZI Rank
1
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About Torotel
Torotel, Inc., through its subsidiary, Torotel Products, Inc., designs, manufactures, distributes, markets, and sells various precision magnetic components for use in military, commercial aerospace, and industrial electronic industries in the United States. The companys products include transformers, inductors, reactors, chokes, toroidal coils, high voltage transformers, dry-type transformers, and electro-mechanical assemblies. Its products are used to modify and control electrical voltages and currents in electronic devices. Torotel, Inc. sells its products to original equipment manufacturers, which use them in products, such as aircraft navigational equipment, digital control devices, medical equipment, avionics equipment, down-hole drilling, conventional missile guidance systems, and other defense and commercial aerospace applications. The company markets its products primarily through internal sales force and independent manufacturers' representatives. Torotel, Inc. was founded inRead more
Torotel Org Chart
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Company Profile Activity
Activity Insights
Torotel is experiencing very low activity levels compared to other companies in the Manufacturing sector.
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Torotel is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about Torotel.
Torotel financials insights
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2020
Debt
$1M
Torotel Tech Stack
A closer look at the technologies used by Torotel
Most Recent Scoops
Funding
Torotel has received an SBA PPP loan for $1-2 million from Cornerstone Bank.
Mergers & Acquisitions (M&A)
Mergers & Acquisitions
Mergers & Acquisitions (M&A)
Torotel has entered into an agreement to be acquired by Standex International Corporation in a deal valued at $48 million. The transaction is expected to close in early 2020.
Mergers & Acquisitions
Pain Point
A mid-level source has indicated that the organization is experiencing challenges related to threat intelligence. Efforts to identify a resolution to these challenges are currently underway.
Pain Point, Information Security, Cyber Security
Pain Point
Pain Point, Information Security
Torotel News & Media
Torotel Announces Standex’s Termination of Merger Agreement
OLATHE, Kan.--(BUSINESS WIRE)--Torotel, Inc. (“Torotel”) (OTCMKTS:TTLO) announced today that Standex International Corporation (“Standex”) exercised on April 1, 2020, its right to terminate effective immediately the previously announced Agreement and Plan of Merger (the “Merger Agreement”) to acquire Torotel because the conditions to closing were not satisfied on or before March 31, 2020, as required by the Merger Agreement. The Merger Agreement closing conditions included a required prior writStandex International Terminates Proposed Torotel, Inc. Acquisition
SALEM, N.H., April 1, 2020 /PRNewswire/ -- Standex International Corporation ("Standex") (NYSE: SXI) today announced that it has exercised its right to terminate the proposed acquisition of Torotel, Inc. (OTC:TTLO) announced on December 2, 2019. "We are disappointed to terminate our...
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Torotel, Inc., through its subsidiary, Torotel Products, Inc., designs, manufactures, distributes, markets, and sells various precision magnetic components for use in military, commercial aerospace, and industrial electronic industries in the United States. The companys products include transformers, inductors, reactors, chokes, toroidal coils, hig... Read More
