Mergers & Acquisitions ·
MKS agrees to sell Ophir Optics business to TTM for $650 million in all-cash deal
MKSIMks Inc
MKS Inc. has entered into a definitive agreement to sell its Ophir® Optics business to TTM Technologies, Inc. for $650 million in cash, subject to customary closing adjustments. The transaction values the unit at over 18x projected FY 2026 Adjusted EBITDA and is expected to close in the second quarter of 2027, pending regulatory approvals. MKS will retain its Ophir Instruments laser characterization business and the Ophir brand. MKS Inc. provides enabling technologies for semiconductor manufacturing, electronics packaging, and specialty industrial applications.