Tyco to Sell Printed Circuit Group to TTM Technologies

TTM Technologies, a leading manufacturer of time-critical and technologically advanced printed circuit boards, will acquire the Tyco Printed Circuit Group business unit from Tyco International. Tyco Printed Circuit Group (TPCG) is a leading producer of complex, high performance and specialty printed circuit boards (PCBs) and is one of the major suppliers of military and aerospace PCBs in North America. TTM will purchase TPCG for $226 million. The transaction is expected to be completed in the fall of 2006, subject to customary closing conditions and regulatory approval.

TTM Technologies expects the acquisition of Tyco Printed Circuit Group to make them a leader in the attractive military/aerospace sector of the PCB industry. TTM Technologies also is expanding their presence in the quick-turn and high-mix sectors of the PCB marketplace. By acquiring Tyco Printed Circuit Group, TTM Technologies will have a more diversified customer base, broader end-market exposure, and expanded capabilities to service customers. And the combination makes them the largest PCB manufacturer in North America with annualized sales in excess of $650 million.

Source: TTM Technologies