TTM Technologies to acquire MKS’s Ophir Optics business for $650 million
TTM Technologies announced a definitive agreement to buy the Ophir Optics unit from MKS Inc. for approximately $650 million in cash. The acquisition, which excludes the Ophir Instruments laser‑characterization business, is slated to close in the second quarter of 2027 pending customary regulatory approvals. TTM said the deal will be funded with cash on hand, anticipated cash flow and borrowings and is expected to be immediately accretive to its adjusted EBITDA margin and non‑GAAP diluted EPS.
Why it matters
The purchase adds high‑precision infrared and laser optics to TTM’s defense and industrial portfolio, expanding its product mix into mission‑critical subsystems. The company expects the transaction to boost margins and earnings per share, which could improve profitability metrics for investors.
Key facts
- 1Purchase price is approximately $650 million in cash. stocktitan.net
- 2The transaction is expected to close in the second quarter of 2027. stocktitan.net
- 3The deal values Ophir Optics at over 18 times projected fiscal‑year‑2026 Adjusted EBITDA. marketscreener.com
- 4The transaction multiple is about 10.3 times projected fiscal‑year‑2027 Adjusted EBITDA. investing.com
- 5TTM will fund the acquisition with cash on hand, future cash flow and borrowings under its revolving credit facility. tradingview.com
- 6The acquisition does not include the Ophir Instruments laser‑characterization business or the Ophir brand. stocktitan.net
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.