COSTA MESA, CA – TTM Technologies has completed its acquisition of Anaren for $775 million in cash consideration. The companies had combined total revenue of $2.9 billion in 2017.

The acquisition combines TTM’s PCB manufacturing with Anaren’s RF design capability and a product portfolio of RF components and subsystems for the aerospace and defense and networking/communication end markets.

The acquisition is expected to benefit from increased spending for advanced radar technology in the aerospace and defense market and 5G technology in the wireless infrastructure market.

TTM has identified $15 million in pre-tax, run rate, cost synergies expected to be realized within the first two years after closing and expects this transaction to be immediately accretive to non-GAAP earnings.

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