MKS Inc. to Sell Its Ophir® Optics Business to TTM Technologies, Inc.
Key Highlights
- ➤MKS (MKSI) to sell Ophir Optics to TTM for $650 million cash
- ➤$650 million price equals over 18x projected FY 2026 Adjusted EBITDA
- ➤Transaction expected to close in Q2 2027, subject to approvals
- ➤Sale excludes Ophir Instruments laser characterization business and Ophir brand
Expert Statements
John T.C. Lee, President and Chief Executive Officer of MKS Inc.
“The Ophir Optics business highlights how we can apply our broad technology capabilities to serve attractive opportunities outside our core Semiconductor and Electronics & Packaging markets. This transaction represents an opportunity for MKS to capitalize on the value we’ve created with the Ophir Optics business and further strengthen our balance sheet. We believe TTM is well positioned to support this business in its next phase of growth.”
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 defense, security and industrial applications.
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