India, Aug. 17 -- TTM Technologies, Inc. (TTMI), a technology products manufacturer, on Monday entered into a definitive agreement to acquire Epiq Design Solutions LLC for approximately $1.1 billion in an all-cash transaction.
The acquisition is expected to strengthen the company's vertical integration strategy.
It is also expected to expand opportunities in defense markets, including missile defense, space, communications, electronic warfare, and intelligence, surveillance and reconnaissance.
The transaction is expected to be immediately accretive to the company's adjusted EBITDA margin and accretive to adjusted earnings per share in 2028.
The company estimates total net leverage of 2.3x at closing and expects to reduce leverage to 1.5...