MKS Inc. to sell Ophir Optics unit to TTM Technologies for $650M

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Go back to MKS Inc. to sell Ophir Optics unit to TTM Technologies for $650M

MKS Inc. to Sell Its Ophir® Optics Business to TTM Technologies, Inc.

October 19, 2026 8:15 AM EDT

ANDOVER, Mass., Oct. 19, 2026 (GLOBE NEWSWIRE) -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today announced that it has entered into a definitive agreement to sell its Ophir® Optics business to TTM Technologies, Inc. (TTM) in an all-cash transaction for $650 million, subject to customary closing adjustments. The purchase price represents an estimated multiple of over 18x projected FY 2026 Adjusted EBITDA for the Ophir Optics business.

The Ophir Optics business provides high-precision infrared thermal imaging and laser optics solutions to customers in MKS Specialty Industrial market, serving... More