M&A Deal Summary

TTM Technologies Acquires Honeywell - Advanced Circuits Operation

On December 26, 2002, TTM Technologies acquired electronics company Honeywell - Advanced Circuits Operation from Honeywell for 2M USD

Acquisition Highlights
  • This is TTM Technologies’ 1st transaction in the Electronics sector.
  • This is TTM Technologies’ 7th largest (disclosed) transaction.
  • This is TTM Technologies’ 1st transaction in the United States.

M&A Deal Summary

Date 2002-12-26
Target Honeywell - Advanced Circuits Operation
Sector Electronics
Buyer(s) TTM Technologies
Sellers(s) Honeywell
Deal Type Divestiture
Deal Value 2M USD

Target

Honeywell - Advanced Circuits Operation

United States
Advanced Circuits Operation participates in the very high technology end of the printed circuit board industry, with an average layer count of approximately 18 and expertise in specialty materials. Its major customers include Cisco, Sun Microsystems, IBM, Celestica and Solectron.

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Buyer(S) 1

Buyer

TTM Technologies

Santa Ana, California, United States

Category Company
Founded 1978
Sector Semiconductors
Employees16,400
Revenue 2.4B USD (2024)
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 7
Sector: Electronics M&A 1 of 2
Type: Divestiture M&A Deals 1 of 5
Country: United States M&A 1 of 6
Year: 2002 M&A 1 of 1
Size (of disclosed) 7 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-27 Tyco Printed Circuit Group

Dallas, Oregon, United States

Tyco Printed Circuit Group is a producer of complex, high performance and specialty printed circuit boards and one of the major suppliers of military and aerospace PCBs in North America.

Buy $226M

Seller(S) 1

SELLER

Honeywell

Charlotte, North Carolina, United States

Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 38.5B USD (2024)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 11
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 2 of 9
Country: United States M&A 1 of 8
Year: 2002 M&A 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-19 Invensys Sensor Systems

Shelby, North Carolina, United States

Invensys Sensor Systems is a Shelby, N.C.-based company with 13 manufacturing facilities in six countries, including the United States, United Kingdom, Mexico, the Czech Republic and China. A supplier of sensors and controls used in the medical, office automation, aerospace, heating and air conditioning, automotive, off-road vehicle and consumer appliance industries. Its sensors detect changes in temperature, pressure, speed, or position.

Buy $415M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Silent Witness Enterprises

Surrey, British Columbia, Canada

Buy $58M