{"success":true,"data":{"pressRelease":{"id":"157219","rtpr_id":"nGNX2wxDrr-20260930","ticker":"TTMI","exchange":"NASDAQ","all_tickers":["TTMI"],"title":"TTM Technologies, Inc. Completes Acquisition of Epiq Solutions, Enhancing TTM’s Strategic A&D Portfolio","author":"Globe Newswire","published_at":"2026-09-30T20:01:00.128Z","article_body":"SANTA ANA, Calif., Sept. 30, 2026 (GLOBE NEWSWIRE) -- TTM Technologies, Inc.\n(NASDAQ: TTMI) (\"TTM\"), a leading global manufacturer of technology products,\nincluding mission systems, radio frequency (\"RF\") components, RF\nmicrowave/microelectronic assemblies, and technologically advanced\ninterconnect products, including printed circuit boards (\"PCBs\") and\nsubstrates, announced today that it has completed its acquisition of EPIQ\nDesign Solutions LLC (\"Epiq\"), a premier provider of open-architecture,\nAI-enabled software-defined radios (“SDRs”), high-performance RF products\nand radiation-tolerant space compute solutions supporting mission-critical\nsignals intelligence and electronic warfare applications.\n\nThrough the close of the transaction, TTM adds a talented management and\noperational team focused on critical technologies in the long-cycle Aerospace\n& Defense end market, with strategic and complementary capabilities that TTM\nexpects will bolster TTM’s long-term growth strategy. The addition of Epiq\nadds:\n* Highly complementary technology offerings that enable full command of the RF\nspectrum through small-form-factor, software-driven solutions; \n\n\n* Accelerated momentum to TTM’s “up the chain” vertical integration\nstrategy across land, air, sea, and space domains through multiple defense and\ncommercial expansion opportunities;\n\n\n* Cutting edge technologies optimized for size, weight, and power (SWaP)\nrooted in open architectures supporting defense and commercial markets\nFinancial contributions from the newly acquired Epiq business are expected to\nbe immediately accretive to adjusted EBITDA, moderately dilutive to non-GAAP\ndiluted EPS in 2027, and accretive to non-GAAP diluted EPS in 2028.\n\n“The completion of the Epiq acquisition is an exciting moment for TTM as we\nwelcome a very strong management team and a profitable, well-established\nbusiness that provides innovative capabilities for our A&D customers and\nbolsters our overall technology portfolio,” said Edwin Roks, President and\nChief Executive Officer of TTM Technologies.\n\nTerms of the Transaction & Financing\nThe purchase of Epiq was completed as an all-cash transaction for $1.1\nbillion, subject to certain customary adjustments at closing. TTM funded the\npurchase price, including all related fees and adjustments, from (i) a portion\nof the proceeds of borrowings from a $300 million incremental senior secured\nterm loan A and $800 million incremental senior secured term loan B and (ii) a\nportion of the proceeds from the previously disclosed completed offering of\nTTM’s 6.750% senior notes due 2034. The closing of the incremental term\nloans occurred concurrently with the completion of the Epiq acquisition.\n\nGuggenheim Securities, LLC served as the exclusive financial advisor and\nPolsinelli PC served as exclusive legal adviser to TTM for the acquisition of\nEpiq.\n\nAbout TTM\nTTM Technologies, Inc. is a leading global manufacturer of technology\nproducts, including mission systems, RF components, RF\nmicrowave/microelectronic assemblies, and technologically advanced\ninterconnect products, including PCBs and substrates. TTM stands for\ntime-to-market, representing how TTM's time-critical, one-stop design,\nengineering and manufacturing services enable customers to reduce the time\nrequired to develop new products and bring them to market. Additional\ninformation can be found at www.ttm.com.\n\nSafe Harbor Forward-Looking Statements\nThis release contains forward-looking statements that relate to future events\nor performance. TTM cautions you that such statements are simply predictions\nand actual events or results may differ materially. These statements reflect\nTTM's current expectations, and TTM does not undertake to update or revise\nthese forward-looking statements, even if experience or future changes make it\nclear that any projected results expressed or implied in this or other TTM\nstatements will not be realized. Further, these statements involve risks and\nuncertainties, many of which are beyond TTM's control, which could cause\nactual results to differ materially from the forward-looking statements. These\nrisks and uncertainties include, but are not limited to, general market and\neconomic conditions, including interest rates, currency exchange rates, and\nconsumer spending, demand for TTM's products, market pressures on prices of\nTTM's products, warranty claims, changes in product mix, contemplated\nsignificant capital expenditures and related financing requirements, TTM's\ndependence upon a small number of customers, and other factors set forth in\nthe \"Risk Factors\" and \"Management's Discussion and Analysis of Financial\nCondition and Results of Operations\" sections of TTM’s public reports filed\nwith the SEC.\n\nContact:\n\nSean K.F. Hannan,\nVice President, Investor Relations\nSean.Hannan@ttmtech.com\n+1 339 466 7737\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/1f5abeaf-0d33-413c-9972-9c05b032aeb9)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2wxDrr-20260930","title":"TTM Technologies, Inc. Completes Acquisition of Epiq Solutions, Enhancing TTM’s Strategic A&D Portfolio","author":"Globe Newswire","ticker":"TTMI","created":"2026-09-30T20:01:00.128Z","tickers":["TTMI"],"exchange":"NASDAQ","article_body":"SANTA ANA, Calif., Sept. 30, 2026 (GLOBE NEWSWIRE) -- TTM Technologies, Inc.\n(NASDAQ: TTMI) (\"TTM\"), a leading global manufacturer of technology products,\nincluding mission systems, radio frequency (\"RF\") components, RF\nmicrowave/microelectronic assemblies, and technologically advanced\ninterconnect products, including printed circuit boards (\"PCBs\") and\nsubstrates, announced today that it has completed its acquisition of EPIQ\nDesign Solutions LLC (\"Epiq\"), a premier provider of open-architecture,\nAI-enabled software-defined radios (“SDRs”), high-performance RF products\nand radiation-tolerant space compute solutions supporting mission-critical\nsignals intelligence and electronic warfare applications.\n\nThrough the close of the transaction, TTM adds a talented management and\noperational team focused on critical technologies in the long-cycle Aerospace\n& Defense end market, with strategic and complementary capabilities that TTM\nexpects will bolster TTM’s long-term growth strategy. The addition of Epiq\nadds:\n* Highly complementary technology offerings that enable full command of the RF\nspectrum through small-form-factor, software-driven solutions; \n\n\n* Accelerated momentum to TTM’s “up the chain” vertical integration\nstrategy across land, air, sea, and space domains through multiple defense and\ncommercial expansion opportunities;\n\n\n* Cutting edge technologies optimized for size, weight, and power (SWaP)\nrooted in open architectures supporting defense and commercial markets\nFinancial contributions from the newly acquired Epiq business are expected to\nbe immediately accretive to adjusted EBITDA, moderately dilutive to non-GAAP\ndiluted EPS in 2027, and accretive to non-GAAP diluted EPS in 2028.\n\n“The completion of the Epiq acquisition is an exciting moment for TTM as we\nwelcome a very strong management team and a profitable, well-established\nbusiness that provides innovative capabilities for our A&D customers and\nbolsters our overall technology portfolio,” said Edwin Roks, President and\nChief Executive Officer of TTM Technologies.\n\nTerms of the Transaction & Financing\nThe purchase of Epiq was completed as an all-cash transaction for $1.1\nbillion, subject to certain customary adjustments at closing. TTM funded the\npurchase price, including all related fees and adjustments, from (i) a portion\nof the proceeds of borrowings from a $300 million incremental senior secured\nterm loan A and $800 million incremental senior secured term loan B and (ii) a\nportion of the proceeds from the previously disclosed completed offering of\nTTM’s 6.750% senior notes due 2034. The closing of the incremental term\nloans occurred concurrently with the completion of the Epiq acquisition.\n\nGuggenheim Securities, LLC served as the exclusive financial advisor and\nPolsinelli PC served as exclusive legal adviser to TTM for the acquisition of\nEpiq.\n\nAbout TTM\nTTM Technologies, Inc. is a leading global manufacturer of technology\nproducts, including mission systems, RF components, RF\nmicrowave/microelectronic assemblies, and technologically advanced\ninterconnect products, including PCBs and substrates. TTM stands for\ntime-to-market, representing how TTM's time-critical, one-stop design,\nengineering and manufacturing services enable customers to reduce the time\nrequired to develop new products and bring them to market. Additional\ninformation can be found at www.ttm.com.\n\nSafe Harbor Forward-Looking Statements\nThis release contains forward-looking statements that relate to future events\nor performance. TTM cautions you that such statements are simply predictions\nand actual events or results may differ materially. These statements reflect\nTTM's current expectations, and TTM does not undertake to update or revise\nthese forward-looking statements, even if experience or future changes make it\nclear that any projected results expressed or implied in this or other TTM\nstatements will not be realized. Further, these statements involve risks and\nuncertainties, many of which are beyond TTM's control, which could cause\nactual results to differ materially from the forward-looking statements. These\nrisks and uncertainties include, but are not limited to, general market and\neconomic conditions, including interest rates, currency exchange rates, and\nconsumer spending, demand for TTM's products, market pressures on prices of\nTTM's products, warranty claims, changes in product mix, contemplated\nsignificant capital expenditures and related financing requirements, TTM's\ndependence upon a small number of customers, and other factors set forth in\nthe \"Risk Factors\" and \"Management's Discussion and Analysis of Financial\nCondition and Results of Operations\" sections of TTM’s public reports filed\nwith the SEC.\n\nContact:\n\nSean K.F. Hannan,\nVice President, Investor Relations\nSean.Hannan@ttmtech.com\n+1 339 466 7737\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/1f5abeaf-0d33-413c-9972-9c05b032aeb9)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-30T20:01:00.178479158Z","server_sent_at_ms":1790798460178},"received_at":"2026-09-30T20:01:00.296Z","source_url":null},"analysis":{"id":"145893","press_release_id":"157219","analysis_json":{"industry":{"label":"Electronic Equipment, Instruments & Components","sector":"Information Technology"},"redFlags":["near-term EPS dilution: moderately dilutive to non-GAAP EPS in 2027","$1.1 billion debt-funded purchase increases leverage (term loans plus 6.750% senior notes)"],"eventType":"m_and_a","narrative":"TTM Technologies completed its $1.1 billion all-cash acquisition of EPIQ Design Solutions, a provider of AI-enabled software-defined radios and space compute solutions for signals intelligence and electronic warfare.\n\nThe deal was funded with a $300 million incremental term loan A, an $800 million incremental term loan B, and proceeds from TTM's 6.750% senior notes due 2034.\n\nEpiq is expected to be immediately accretive to adjusted EBITDA, moderately dilutive to non-GAAP EPS in 2027, and accretive in 2028, advancing TTM's vertical integration strategy in aerospace and defense.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"TTM closes $1.1B Epiq deal to deepen its A&D RF/electronic-warfare footprint, with EPS accretion pushed to 2028."},"keyFigures":{"dealValueUsd":1100000000,"customDimensions":{"eps_impact":"moderately dilutive to non-GAAP EPS in 2027, accretive in 2028","senior_notes_coupon":"6.750% due 2034","incremental_term_loan_a":300000000,"incremental_term_loan_b":800000000}},"quotedText":"The completion of the Epiq acquisition is an exciting moment for TTM as we welcome a very strong management team and a profitable, well-established business that provides innovative capabilities for our A&D customers and bolsters our overall technology portfolio","namedEntities":{"people":[{"name":"Edwin Roks","role":"President and CEO of TTM Technologies"},{"name":"Sean K.F. 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Expected immediately accretive to adjusted EBITDA but moderately dilutive to non-GAAP EPS in 2027 before turning accretive in 2028."},"tickerRelevance":{"others":[],"primary":"TTMI"},"globalImportance":45,"audienceRelevance":40,"eventTypeSecondary":["debt_offering"],"importanceComponents":{"dealSize":"1.1B, mid-range M&A","tickerTier":"mid-cap","eventGravity":"completed $1.1B M&A with new debt financing","sectorWeight":"aerospace & defense electronics"}},"event_type":"m_and_a","event_type_secondary":["debt_offering"],"sentiment":"bullish","material_impact_score":4,"narrative":"TTM Technologies completed its $1.1 billion all-cash acquisition of EPIQ Design Solutions, a provider of AI-enabled software-defined radios and space compute solutions for signals intelligence and electronic warfare.\n\nThe deal was funded with a $300 million incremental term loan A, an $800 million incremental term loan B, and proceeds from TTM's 6.750% senior notes due 2034.\n\nEpiq is expected to be immediately accretive to adjusted EBITDA, moderately dilutive to non-GAAP EPS in 2027, and accretive in 2028, advancing TTM's vertical integration strategy in aerospace and defense.","key_figures":{"dealValueUsd":1100000000,"customDimensions":{"eps_impact":"moderately dilutive to non-GAAP EPS in 2027, accretive in 2028","senior_notes_coupon":"6.750% due 2034","incremental_term_loan_a":300000000,"incremental_term_loan_b":800000000}},"named_entities":{"people":[{"name":"Edwin Roks","role":"President and CEO of TTM Technologies"},{"name":"Sean K.F. Hannan","role":"Vice President, Investor Relations"}],"products":["software-defined radios (SDRs)","radiation-tolerant space compute solutions"],"companies":[{"name":"TTM Technologies, Inc.","ticker":"TTMI","relationship":"acquirer"},{"name":"EPIQ Design Solutions LLC","relationship":"target"},{"name":"Guggenheim Securities, LLC","relationship":"financial advisor"},{"name":"Polsinelli PC","relationship":"legal advisor"}],"dollarAmounts":[{"amount":"$1.1 billion","context":"all-cash purchase price for Epiq"},{"amount":"$300 million","context":"incremental senior secured term loan A"},{"amount":"$800 million","context":"incremental senior secured term loan B"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T20:01:06.555Z","global_importance":45,"audience_relevance":40,"importance_components":{"dealSize":"1.1B, mid-range M&A","tickerTier":"mid-cap","eventGravity":"completed $1.1B M&A with new debt financing","sectorWeight":"aerospace & defense electronics"}},"durationMs":6136,"modelName":"glm-5.3-flashx"}}