M&A
confidence medium
sentiment positive
materiality 0.65
TTM to acquire STG and ILFA for all-cash, enters European PCB market
TTM TECHNOLOGIES INC
- Acquisitions of Swiss STG and German ILFA are all-cash, subject to regulatory approvals.
- Expected close in Q3 2026; deals are immediately but modestly accretive.
- STG adds miniaturized PCB solutions for medical (surgical robotics, hearing aids) and aerospace & defense.
- ILFA brings 45-year legacy in complex PCBs, CAD services, and certifications for electro-optical and embedded-component PCBs.
- Combined acquisitions establish TTM's initial European footprint and expand long-cycle, value-add technology capabilities.