$TTMI (TTM TECHNOLOGIES) — 8-K: TTM Technologies to acquire MKS's Ophir Optics for $650 million in all-cash deal

TTM Technologies agreed to acquire the Ophir Optics business from MKS Inc. for approximately $650 million in an all-cash transaction, subject to customary closing adjustments. The transaction multiple is estimated at roughly 10.3x expected FY 2027 Adjusted EBITDA of Ophir Optics, without synergies, and is expected to be immediately accretive to both TTM's Adjusted EBITDA Margin and Non-GAAP Diluted EPS. Ophir Optics is an Israel and Romania-based manufacturer of high-precision infrared thermal imaging and laser optics solutions serving defense, security and industrial applications. The deal is expected to close in the second quarter of 2027, subject to customary closing conditions including certain regulatory approvals and governmental consents and permits.

TTM Technologies agreed to acquire the Ophir Optics business from MKS Inc. for approximately $650 million in an all-cash transaction, subject to customary closing adjustments. The transaction multiple