TTM Technologies announced it has entered into definitive agreements to acquire two privately-held European companies, Swiss Technology Group AG (STG) and ILFA GmbH, in separate all-cash transactions. The acquisitions will establish TTM's first manufacturing footprint in Europe, expanding its capabilities in the Medical, Aerospace & Defense, and Industrial markets.
Key Details
- Acquired Companies: Swiss Technology Group AG (Switzerland), specializing in miniaturized PCB solutions for the medical market, and ILFA GmbH (Germany), a provider of complex PCBs for aerospace & defense and industrial technology.
- Transaction Terms: The acquisitions are structured as separate, all-cash deals. Specific financial terms were not disclosed.
- Timeline & Impact: The transactions are subject to regulatory approvals and are expected to close in the third quarter of 2026. TTM anticipates the combined acquisitions will be immediately, though modestly, accretive.
- Strategic Rationale: The deals align with TTM's strategy to expand geographically, diversify its product offerings, and add strategic technology capabilities in long-cycle end markets.