Mergers & Acquisitions ·
TTM Technologies agrees to acquire Ophir Optics business from MKS Inc. for $650 million in all-cash deal
TTMITtm Technologies Inc
TTM Technologies has entered into a definitive agreement to purchase the Ophir Optics business from MKS Inc. for approximately $650 million in an all-cash transaction, subject to customary closing adjustments and regulatory approvals. The acquisition adds high-precision infrared thermal imaging and laser optics capabilities to TTM's portfolio, targeting defense, security, and industrial applications. The deal is expected to close in the second quarter of 2027 and is anticipated to be immediately accretive to adjusted EBITDA margin and non-GAAP diluted EPS. TTM plans to fund the transaction using cash on hand, future cash flows, and borrowings under its existing revolving credit facility. TTM Technologies operates as a global manufacturer of technology products, including mission systems, RF components, and advanced interconnects.