MKS agrees to sell Ophir Optics business to TTM Technologies for $650 million
MKSI•MKS agreed to sell its Ophir Optics business to TTM Technologies for $650 million in cash, subject to customary closing adjustments. The deal is expected to close in the second quarter of 2027.
1. Sale terms
The $650 million price represents more than 18 times Ophir Optics’ projected fiscal 2026 adjusted EBITDA. The business provides infrared thermal imaging and laser optics solutions for defense, security and industrial applications.
2. Expected closing
The sale is expected to close in the second quarter of 2027, subject to customary closing conditions. It excludes the Ophir Instruments laser characterization business and the Ophir brand.
