- Associated Press - Tuesday, September 23, 2014

CHIPPEWA FALLS, Wis. (AP) - A western Wisconsin technology company says it’s buying a competitor in a cash and stock deal worth $927 million.

TTM Technologies, based in Chippewa Falls, makes printed circuit boards for electronic devices. The acquisition of Viasystems Group, Inc., of St. Louis, Missouri, is expected to be completed during the first half of 2015 would give TTM 30,000 employees in 10 assembly factories in the U.S., Canada and China.

TTM says the acquisition of Viasystems will diversify its business partners and provide entry into the automotive industry. Viasystems makes products for auto engine controls and electronics for navigation, flight control systems and other industries.

The Chippewa Herald (https://bit.ly/1B3qG2H ) says the acquisition will need regulatory approval in both the U.S. and China.

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Information from: The Chippewa Herald, https://www.chippewa.com


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