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AI brief of an SEC Form 8-K · TTM Technologies (TTMI)

TTM Technologies to buy MKS's Ophir Optics unit for $650 million in cash

Neutral Impact 4 of 5 m&a

TTM Technologies agreed to acquire the Ophir Optics business from MKS Inc. for approximately $650 million in an all-cash deal, subject to customary closing adjustments. The company expects the deal to close in the second quarter of 2027, subject to regulatory approvals, and expects it to be immediately accretive to its Adjusted EBITDA Margin and Non-GAAP Diluted EPS.

Key points

  • Purchase price is approximately $650 million, all cash, with funding from cash on hand, future cash flow and its existing revolving credit facility.
  • The transaction multiple is estimated at roughly 10.3x expected FY 2027 Adjusted EBITDA of Ophir Optics, without synergies.
  • Expected close is the second quarter of 2027, subject to regulatory approvals and governmental consents and permits.
  • Excludes MKS's Ophir Instruments laser characterization business and the Ophir brand.

The filing

CompanyTTM Technologies (TTMI)
Form8-K, current report
Filed with the SECOct 19, 2026, 8:16 AM ET
Accession number0001193125-26-424707

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.