MKS Agrees to Sell Ophir Optics to TTM in $650 Million Cash Deal
Photo: TokenPost
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.
Source: TokenPost
