Ophir Optics, which operates out of Israel and Romania, specializes in high-precision infrared thermal imaging and laser optics. The business provides a comprehensive suite of services ranging from initial design and engineering to final system testing and camera integration. TTM Technologies intends to leverage these assets to offer more robust, end-to-end solutions for its existing client base in the security and defense industries.
In section Market Quotes
TTM Technologies to Acquire MKS Ophir Optics for $650 Million
TTM Technologies is set to acquire the Ophir Optics business from MKS for $650 million in cash, a move designed to deepen its footprint in the defense and industrial sectors. The transaction, slated to close in the second quarter of 2027, marks a significant expansion for the firm’s imaging and sensor capabilities.
To finance the purchase, TTM plans to utilize a combination of cash on hand, projected operational cash flow, and its existing revolving credit facility. This financing strategy also accounts for the company’s ongoing expansion projects in Asia. Management anticipates that the acquisition will be immediately accretive to adjusted earnings per share upon completion.
Comments (0)
No comments yet. Be the first!