TTM Technologies Stock news
On October 19, 2026, TTM Technologies, Inc. (NASDAQ: TTMI) announced a definitive agreement to acquire the Ophir Optics business from MKS Inc. for approximately $650 million in an all--cash transaction. Ophir Optics designs and manufactures high--precision infrared thermal imaging and laser optics solutions for defense, security, and industrial customers, with manufacturing operations in Israel and Romania. TTM intends to fund the acquisition using cash on hand, anticipated cash flow, and borrowings under its existing revolving credit facility. The transaction is projected to be immediately accretive to TTM's adjusted EBITDA margin and non--GAAP diluted EPS, and is scheduled to close in the second quarter of 2027, subject to customary regulatory approvals.