TTM TECHNOLOGIES INC — Form 8-K
Filed October 19, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
TTM Technologies entered definitive agreement to acquire MKS Inc.'s Ophir Optics business for $650 million all-cash on October 19, 2026. Ophir Optics is an Israel- and Romania-based manufacturer of infrared thermal imaging and laser optics for defense, security, and industrial applications. Transaction priced at 10.3x expected FY2027 Adjusted EBITDA, expected to close Q2 2027, funded via cash on hand, future cash flow, and existing credit facility, and projected immediately accretive to Adjusted EBITDA margin and non-GAAP diluted EPS.
Why this rating
$650M acquisition is ~16% of $4.2B market cap—material absolute size but moderate relative scale. Accretive projections positive; closure contingent on regulatory approvals and 6+ months away.
See more from October 19, 2026.
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