MKS Inc. announced it has entered into a definitive agreement to sell its Ophir® Optics business to TTM Technologies, Inc. in an all-cash transaction valued at $650 million. The Ophir Optics business provides high-precision infrared thermal imaging and laser optics solutions for defense, security, and industrial applications.
Key Details
- Transaction Value: $650 million in cash, representing a multiple of over 18x the business's projected fiscal year 2026 Adjusted EBITDA.
- Expected Closing: The transaction is anticipated to close in the second quarter of 2027, subject to regulatory approvals and other customary closing conditions.
- Excluded Assets: The sale does not include the MKS Ophir Instruments laser characterization business or the sale of the Ophir brand.