$MKSI (MKS) — 8-K: MKS to sell Ophir Optics to TTM Technologies for $650 million in all-cash deal

MKS Inc. agreed to sell its Ophir Optics business to TTM Technologies for $650 million in cash, subject to customary closing adjustments. The price represents an estimated multiple of over 18x projected FY 2026 Adjusted EBITDA for Ophir Optics. The deal excludes the Ophir Instruments laser characterization business and the Ophir brand, and is expected to close in the second quarter of 2027 pending regulatory approvals and governmental consents.

MKS Inc. agreed to sell its Ophir Optics business to TTM Technologies for $650 million in cash, subject to customary closing adjustments. The price represents an estimated multiple of over 18x project