TTM Technologies to Acquire Ophir Optics for $650 Million in Cash

Key Facts

1TTM Technologies agreed to acquire the Ophir Optics business from MKS Inc. for approximately $650 million in an all-cash transaction.

TTM Technologies agreed to acquire the Ophir Optics business from MKS Inc. for approximately $650 million in an all-cash transaction. GlobeNewswire reported that the acquisition is intended to enhance TTM's technology product portfolio by adding advanced infrared optics capabilities.

TTMI closed at $93.88 on October 16, 2026, while MKSI closed at $214.83 on the same date. The company expects the transaction to be immediately accretive to its Adjusted EBITDA margin and non-GAAP diluted earnings per share.