PENANG, MALAYSIA – TTM Technologies broke ground at a new manufacturing plant in Penang, Malaysia. The proposed capital investment for this plant is $130 million through 2025.

Read more: TTM Technologies Breaks Ground at 1st Factory in Penang

FONTENAY-AUX-ROSES, FRANCE – Icape Group is preparing its IPO. The printed circuit board distributor had revenue of €169 million (US$182.4 million) in 2021, up 34%. The company aims for revenue of €500 million by 2026.

Read more: Icape Group Prepares IPO, Aims for Revenue of €500M by 2026

SANTA ANA, CA – TTM Technologies has agreed to acquire Telephonics Corp. in a debt-free cash transaction for $330 million, subject to customary working capital adjustments at closing.

Read more: TTM Technologies to Acquire Telephonics for $330M

MUNICH – Icape Group acquired German PCB supplier SAFA2000 for an undisclosed sum.

Read more: Icape Group Acquires German PCB Supplier SAFA2000