TTM Technologies, Inc. has made a significant move in the technology sector by announcing its plan to acquire the Ophir Optics business from MKS Inc. for approximately $650 million in an all-cash transaction. This acquisition is set to enhance TTM's portfolio in the field of infrared optics, which is crucial for defense, security, and industrial applications. The deal is expected to close in the second quarter of 2027, subject to customary closing conditions and regulatory approvals.
The acquisition of Ophir Optics marks a strategic step for TTM Technologies as it aims to strengthen its position in the Printed Circuit Boards industry, which is increasingly leaning towards advanced optical solutions. The deal is also expected to be immediately accretive to TTM's adjusted EBITDA margin and non-GAAP diluted earnings per share, indicating a positive financial outlook for the company post-acquisition.
Background
TTM Technologies, Inc. is a leading global manufacturer in the technology products sector, specifically focusing on mission systems, radio frequency components, and advanced interconnect products, including printed circuit boards (PCBs). The company trades on the Nasdaq under the ticker symbol TTMI and is categorized as a large accelerated filer. TTM Technologies has been actively expanding its capabilities and market reach, as evidenced by its recent filings and strategic initiatives.
What the Filing Says
According to the filing dated October 19, 2026, TTM Technologies announced, "On October 19, 2026, TTM Technologies, Inc. ... announced that it had entered into a definitive agreement to acquire ... the Ophir Optics business ... from MKS Inc. for approximately $650 million in an all-cash transaction." The filing further specifies that the acquisition does not include the Ophir Instruments laser characterization business, which operates separately.
Impact
This acquisition is expected to affect various stakeholders, including TTM's existing customer base and the broader market for infrared optics solutions. By integrating Ophir Optics, TTM aims to provide enhanced optical solutions, which could benefit customers in defense and industrial sectors. The transaction also highlights the competitive landscape within the Printed Circuit Boards industry, where companies are pursuing strategic acquisitions to bolster their technological capabilities.
What's Next
The transaction is anticipated to close in the second quarter of 2027, pending regulatory approvals and customary closing conditions. Further details regarding the integration of Ophir Optics into TTM's operations are expected to be outlined in future filings.