COSTA MESA, CA -- TTM Technologies has received approvals from several offshore authorities to proceed with its acquisition of Viasystems Group, the company announced today.
The printed circuit board maker has gained go-aheads from China's Ministry of Commerce, Germany's Federal Cartel Office of Germany, and the Estonian Competition Authority, TTM said. These approvals constitute all of the foreign approvals required to consummate the acquisition.
The proposed acquisition remains subject to review by the US Federal Trade Commission, and approval by the Committee on Foreign Investment in the United States, as well as other customary closing conditions.
TTM continues to expect the acquisition to close in the first half of 2015.