MKS Inc. to sell Ophir Optics business to TTM Technologies for $650 million
MKS Inc. announced an all‑cash agreement to sell its Ophir Optics unit to TTM Technologies for $650 million. The transaction, which excludes the Ophir Instruments laser business and the Ophir brand, is slated to close in the second quarter of 2027 pending customary regulatory approvals. Both companies’ shares jumped in pre‑market trading after the announcement.
Why it matters
MKS expects the cash proceeds to strengthen its balance sheet and sharpen its focus on semiconductor and electronics packaging markets. TTM says the acquisition will be immediately accretive to its adjusted EBITDA margin and non‑GAAP diluted EPS, expanding its defense‑related optics portfolio.
Key facts
- 1The purchase price is $650 million in cash. stocktitan.net
- 2The deal is expected to close in the second quarter of 2027, subject to customary closing conditions and regulatory approvals. stocktitan.net
- 3The transaction does not include MKS’s Ophir Instruments laser characterization business or the Ophir brand. stocktitan.net
- 4MKS shares rose 6.1% in pre‑market trading following the announcement. investing.com
- 5TTM Technologies shares rose 6.4% in pre‑market trading following the announcement. investing.com
- 6The $650 million price values Ophir Optics at over 18 times projected fiscal‑2026 Adjusted EBITDA for MKS. tradingview.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.