TTM Technologies, Inc. Agrees to Acquire MKS Inc.’s Ophir® Optics Business, Adding Advanced Infrared Optics Capabilities
MKS has agreed to sell its Ophir Optics business to TTM Technologies for approximately $650 million in an all-cash transaction, implying roughly 10.3x Ophir's expected FY2027 Adjusted EBITDA without synergies. Ophir Optics is an Israel- and Romania-based maker of high-precision infrared thermal imaging and laser optics for defense, security, and industrial applications. MKS retains the separate Ophir Instruments laser characterization business and the Ophir brand.
Key figures
- Deal Value Usd
- 650000000
- Expected close
- Q2 2027
- Transaction multiple
- 10.3x expected FY 2027 Adjusted EBITDA of Ophir Optics (without synergies)
- Ttm capital expansion
- $400M capital and capacity expansion in Asia
AI analysis
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