TTM Technologies to buy Epiq Solutions for USD 1.1 billion cash
TTMI•Strategic and financial details
The deal is aimed at deeper vertical integration in integrated electronics, expanding defense mission exposure across missile defense, space, communications, and electronic warfare.
Financing commitments were provided by JPMorgan, Bank of America, and Barclays, with closing net leverage estimated at 2.3x.
The synergy-adjusted multiple is pegged at 17.4x expected 2027 EBITDA. The deal is expected to be accretive to adjusted EBITDA margin immediately and to non-GAAP EPS in 2028.
TTM agrees to buy Epiq Design Solutions
TTM Technologies agreed to buy Epiq Design Solutions for about USD 1.1 billion in an all-cash deal.
The transaction targets Epiq’s AI-enabled software-defined radios, RF products, and radiation-tolerant space compute for signals intelligence and electronic warfare.
