TTM Technologies agrees to buy MKS's Ophir Optics business for $650 million

• TTM Technologies agreed to acquire MKS’s Ophir Optics business for approximately $650 million in cash, adding advanced infrared optics capabilities.
• Closing is expected in the second quarter of 2027; the deal excludes Ophir Instruments’ laser characterization business and the Ophir brand.
• The purchase price represents roughly 10.3 times Ophir Optics’ expected fiscal 2027 adjusted EBITDA, excluding synergies.
• The acquisition is expected to immediately increase adjusted EBITDA margin and non-GAAP diluted EPS.
• Funding will come from cash on hand, expected future cash flow and borrowings under the existing revolving credit facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TTM Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-424707), on October 19, 2026, and is solely responsible for the information contained therein.