AcquisitionsJun 17, 2026, 05:38 PM
TTM Technologies to Acquire Swiss Technology Group & ILFA GmbH
AI Summary
TTM Technologies announced its intent to acquire two privately-held European companies, Swiss Technology Group AG (STG) and ILFA GmbH, in separate all-cash transactions, subject to regulatory approvals. These acquisitions align with TTM's long-term strategy to establish a presence in the European market, diversify its product and geographic reach, and enhance its technology capabilities in miniaturized and complex PCB solutions for key markets like medical, aerospace, and defense. The company expects the combined acquisitions to be immediately, though modestly, accretive upon closing, which is projected for the third quarter of 2026.
Key Highlights
- TTM Technologies announced its intent to acquire Swiss Technology Group AG (STG) and ILFA GmbH.
- STG specializes in miniaturized and small form-factor PCBs for Medical and Aerospace & Defense markets.
- ILFA provides complex PCB solutions and CAD services for Aerospace & Defense, Industrial, and Medical sectors.
- The acquisitions will establish TTM's initial footprint in the European market.
- The combined acquisitions are expected to be immediately, albeit modestly, accretive.
- The transactions are anticipated to close in the third quarter of 2026, pending regulatory approvals.
- Citi is advising TTM for the STG acquisition, and Piper Sandler & Co. is advising STG.
Price Impact
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