MKS Agrees to Sell Ophir Optics to TTM in $650 Million Cash Deal

MKS Inc. agreed to sell its Ophir Optics unit to TTM Technologies for $650 million in cash, transferring a business that serves defense, security and industrial customers. The companies are targeting a close in the second quarter of 2027, subject to regulatory approvals and other customary conditions. Ophir Optics provides high-precision infrared thermal imaging and laser optics solutions. The transaction excludes Ophir Instruments, MKS’ separate laser-characterization business, and the Ophir brand. MKS’ price calculation values Ophir Optics at more than 18 times its projected adjusted EBITDA for fiscal 2026. TTM uses a different period: Its estimate is about 10.3 times expected fiscal 2027 adjusted EBITDA, before synergies. MKS President and CEO John T.C.

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