Zurich-based Swiss Technology Group specializes in small form-factor applications, primarily serving the medical sector with components for surgical robotics, hearing aids, and implantable devices. ILFA, operating out of Hannover, brings a complementary focus on complex printed circuit board solutions for the aerospace, defense, and industrial markets, alongside integrated design services for prototyping.
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TTM Technologies Expands into Europe with Double Acquisition
Targeting a strategic foothold in the European market, TTM Technologies has announced the all-cash acquisition of Swiss Technology Group AG and Germany’s ILFA GmbH. These deals, expected to close in the third quarter, aim to integrate specialized PCB manufacturing and miniaturized technology capabilities into the company's existing global portfolio.
Chief Executive Edwin Roks stated that these acquisitions align with the company’s long-term strategy to secure a presence in Europe. By absorbing these businesses, TTM gains specialized technical expertise and established customer bases in long-cycle industries. The company did not disclose the financial terms of the separate transactions.
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