TTM sells Shanghai Backplane Assembly for ~$11.8M; exits commercial backplane business

TTM TECHNOLOGIES INC

Sale price of ~$11.8M to DBG Holdings Limited (DBG Technology), expected close near end of Q1 2023.
Shanghai BPA generated $44.7M revenue and immaterial operating income in 2022.
TTM will exit commercial backplane assembly, focusing on Aerospace & Defense and other differentiated markets.
Buyer DBG is commercially committed with existing customer relationships.

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