MKS Inc. to Sell Its Ophir® Optics Business to TTM Technologies, Inc.
MKS Inc. agreed to sell its Ophir Optics business to TTM Technologies in an all-cash transaction for $650 million, subject to customary closing adjustments. The purchase price represents an estimated multiple of over 18 times Ophir Optics’ projected FY 2026 Adjusted EBITDA.
Why it matters — The agreement concerns the sale of a MKS business and its stated transaction value, which may be relevant to investors following the company.