M&A Deal Summary

AKM Industrial Acquires TTM Technologies - Mobility Business Unit

On January 22, 2020, AKM Industrial acquired business services company TTM Technologies - Mobility Business Unit from TTM Technologies for 550M USD

Acquisition Highlights
  • This is AKM Industrial’s 1st transaction in the Business Services sector.
  • This is AKM Industrial’s largest (disclosed) transaction.
  • This is AKM Industrial’s 1st transaction in China.

M&A Deal Summary
Date 2020-01-22
Target TTM Technologies - Mobility Business Unit
Sector Business Services
Buyer(s) AKM Industrial
Sellers(s) TTM Technologies
Deal Type Divestiture
Deal Value 550M USD

Target

TTM Technologies - Mobility Business Unit

China
TTM Technologies, Inc. - Mobility Business Unit (Four China Manufacturing Plants) provides reducing exposure to the highly seasonal and cyclical cellular market, increasing mix of business to longer cycle markets with aerospace and defense remaining largest end market, expected improvement in overall margins, and cash proceeds which can be reinvested in the business or used to reduce debt.

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Buyer(S) 1

Buyer

AKM Industrial

Guangzhou, China

website

Category Company
Founded 1993
Sector Electrical Equipment
Employees1,653
Revenue 1.7B HKD (2020)
DESCRIPTION

AKM Industrial Co. is an investment holding company focused on manufacturing and selling flexible printed circuits (FPC), flexible packaging substrates, and related components. AKM Industrial Company was founded in 1993 and is based in Guangzhou, China.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

TTM Technologies

Santa Ana, California, United States

website

Category Company
Founded 1978
Sector Semiconductors
Employees16,700
Revenue 2.5B USD (2022)
DESCRIPTION
TTM Technologies' corporate headquarters in Costa Mesa, California.
TTM Technologies' corporate headquarters in Costa Mesa, California.

TTM Technologies is a provider of time-critical and technologically complex printed circuit board products and backplane assemblies, which serves as the foundation of sophisticated electronic products. TTM Technologies was founded in 1978 and is based in Santa Ana, California.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-03 Anaren

Syracuse, New York, United States

Anaren, Inc. is a designer and manufacturer of high-frequency RF and microwave microelectronics, components, and assemblies for the space, defense, and telecommunications sectors. Anaren, Inc. was established in 1967 and is based in Syracuse, New York.

Buy $775M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-18 Telephonics

Farmingdale, New York, United States

Telephonics provides fully integrated, advanced sensor and communication systems technology serving Aerospace, Defense and Commercial markets. Whether it is in the air, on the sea, or on the ground, our electronic systems are on board to ensure the safety and security of thousands of military personnel and civilians worldwide. Telephonics is based in Farmingdale, New York.

Buy $330M
Mergr

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