MKS to sell Ophir Optics business to TTM for $650 million
MKS Instruments (NASDAQ: MKSI) has agreed to sell its Ophir Optics division to TTM Technologies in an all-cash deal valued at $650 million. The transaction is expected to value the optics business at over 18 times its projected FY2026 Adjusted EBITDA, reflecting strong investor confidence and strategic alignment with buyer interests. The sale of Ophir Optics—known for infrared thermal imaging solutions—is part of MKS's broader strategy to streamline operations by divesting non-core assets. The company’s shares rose following the announcement as investors viewed the deal favorably due to its immediate cash infusion, which could be used for debt reduction or future growth initiatives. TTM Technologies is acquiring Ophir Optics to expand into high-growth optical technologies and enhance capabilities in thermal imaging systems.
Topics: M&A Ophir Optics TTM Technologies