Aug. 17 at 10:54 AM
$TTMI TTM Technologies acquire EPIQ Design Solutions for
$1.1B in cash
TTM Technologies announced that it has entered into a definitive agreement to acquire EPIQ Design Solutions, a premier provider of open-architecture, AI-enabled software-defined radios, high-performance RF products and radiation-tolerant space compute solutions supporting mission-critical signals intelligence and electronic warfare applications, for approximately
$1.1B in an all-cash transaction, subject to customary closing adjustments. Synergy-adjusted transaction multiple estimated to be 17.4x expected Adjusted 2027 EBITDA. Expected to be immediately accretive to Adjusted EBITDA margin and accretive to Non-GAAP Diluted EPS during 2028. At the close of the transaction, estimated total net leverage of 2.3x and expects to reduce this to within the range of 1.5x to 1.7x within 12-18 months.
