The company, which employs 55 people in the UK and nine in Taiwan, has a 2013 turnover of £9.3m.
YFM director Paul Cannings said, “GTK is a trusted UK manufacturing business with an established management team and a loyal and diverse customer base.
“We plan to use our experience of developing and growing manufacturing companies to help GTK to expand its offering to other businesses looking to outsource the manufacture of non-core electronic components.”
YFM became an independent business at the start of October, four years after being acquired by GLE to enable the founding directors to retire.
Since then the firm has continued its focus of making equity investments of up to £10m in from its institutional and VCT funds.
YFM is currently in pre-fundraising mode for a £100m institutional fund and has also decided to raise £20m this tax year for its British Smaller Companies VCTs.
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