Mergers & AcquisitionsMedium•19 October 2026•
1 min read
MKS Inc. to Sell Ophir Optics Unit to TTM Technologies for $650 Million
Key Facts
1MKS Inc. has agreed to sell its Ophir Optics business to TTM Technologies in an all-cash transaction valued at $650 million.
2The purchase price represents an estimated multiple of over 18x projected FY 2026 Adjusted EBITDA for the Ophir Optics business.
MKS Inc. has agreed to sell its Ophir Optics business to TTM Technologies in an all-cash transaction valued at $650 million. GlobeNewswire reported that the purchase price represents an estimated multiple of over 18x projected FY 2026 Adjusted EBITDA for the Ophir Optics unit.
MKSI closed at $214.83 on October 16, 2026, while TTMI closed at $93.88 on the same date. The divestiture allows MKS Inc. to monetize a specific business unit at a high valuation multiple, while TTM Technologies aims to expand its optics capabilities through the acquisition.