---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-424707"
form_type: "8-K"
ticker: "TTMI"
cik: "0001116942"
company_name: "TTM TECHNOLOGIES INC"
filed_at: "2026-10-19T12:16:06+00:00"
generated_at: "2026-10-19T12:20:12.385526+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# TTM to buy MKS's Ophir Optics for $650M cash at ~10.3x FY27 EBITDA, accretive to EPS

## Summary
- All-cash $650M deal for Ophir Optics, an Israel- and Romania-based maker of high-precision infrared thermal imaging and laser optics for defense, security and industrial uses.
- Purchase multiple ~10.3x Ophir's expected FY2027 Adjusted EBITDA without synergies; TTM expects immediate accretion to Adjusted EBITDA margin and non-GAAP diluted EPS.
- Expected to close in Q2 2027, subject to customary closing conditions including certain regulatory approvals and governmental consents and permits.
- Funding from cash on hand, expected future cash flow and TTM's existing revolving credit facility, alongside its previously announced $400M Asia capacity expansion.
- Deal excludes MKS's Ophir Instruments laser characterization business and the Ophir brand; Citi is TTM's exclusive financial advisor, with Polsinelli and Arnon Tadmor-Levy as co-legal advisers.

## SEC filing metadata
- accession: 0001193125-26-424707
- form_type: 8-K
- ticker: TTMI
- cik: 0001116942
- company_name: TTM TECHNOLOGIES INC
- filed_at: 2026-10-19T12:16:06+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1116942/000119312526424707/0001193125-26-424707-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1116942/000119312526424707/d187690d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-424707
- JSON: https://secwatch.observer/filing/0001193125-26-424707.json
- Plain text: https://secwatch.observer/filing/0001193125-26-424707.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.