MKS to sell Ophir Optics to TTM for $650M in cash; deal expected to close Q2 2027

MKS INC

Definitive agreement: MKS will sell its Ophir Optics business to TTM Technologies for $650M all cash, subject to customary closing adjustments.
Price is over 18x projected FY 2026 Adjusted EBITDA for Ophir Optics; expected close in Q2 2027 pending regulatory approvals and governmental consents/permits.
Ophir Optics supplies high-precision infrared thermal imaging and laser optics for defense, security and industrial customers in MKS’ Specialty Industrial market.
Deal excludes MKS Ophir Instruments laser characterization business and does not include sale of the Ophir brand; no impact on Ophir Instruments products/services.
J.P. Morgan is exclusive financial advisor; Herzog Fox & Neeman is lead legal advisor; CEO John T.C. Lee says deal strengthens MKS’ balance sheet.

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