en.Wedoany.com Reported - TTM Technologies announced it will acquire two European PCB manufacturers, STG and ILFA, in all-cash transactions.

TTM Technologies, Inc. (NASDAQ: TTMI) announced that, subject to regulatory approval, it intends to acquire Swiss Technology Group AG (STG), headquartered in Zurich, Switzerland, and ILFA GmbH (ILFA), headquartered in Germany's Hanover, through two all-cash transactions.

STG, formed in 2023 through the merger of GS Swiss and Hofstetter Group, specializes in miniaturization and small-size technology applications, primarily serving the medical end market while also providing technical solutions for markets such as aerospace and defense. The company manufactures rigid, rigid-flex, and flexible printed circuit boards (PCBs) and possesses capabilities in miniaturized microcircuit fabrication and coating. STG operates production facilities in Switzerland and Germany, serving manufacturers of surgical robots, hearing aids, medical imaging, and implantable solutions.

ILFA, founded 45 years ago, is a German supplier of complex PCB solutions, covering the aerospace and defense, industrial, and medical technology markets. The company manufactures rigid, flexible, or rigid-flex PCBs and offers CAD services, along with strategic certifications in optoelectronic PCBs, component embedding processes, and fluid channel integration.

Edwin Roks, President and CEO of TTM Technologies, stated that these acquisitions will help the company establish an initial foothold in Europe, add "long-cycle" business, and strengthen its technical approach "up the value chain." He added that the company is committed to diversifying through product and geographic means to expand its technical solution capabilities. Citibank served as TTM's exclusive financial advisor for the STG acquisition, while Piper Sandler & Co. acted as STG's financial advisor. The transactions are expected to close in the third quarter of 2026 and will be moderately accretive to earnings.

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