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US Firm Buys Israeli Optics Unit for $650 Million
US firm TTM Technologies is acquiring Ophir Optics, an Israeli-founded advanced optics division, from MKS Instruments for approximately $650 million. The deal includes manufacturing sites in Israel and Romania and is expected to close in the second quarter of 2027.
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What happened
- 01TTM Technologies is acquiring Ophir Optics from MKS Instruments for approximately $650 million.
- 02Ophir Optics, founded in Jerusalem in 1976, specializes in advanced infrared and laser optics.
- 03The acquired operations include manufacturing sites in Israel and Romania.
- 04The deal is expected to close in the second quarter of 2027, pending regulatory approvals.
- 05MKS Instruments will retain the Ophir Instruments laser measurement business and the Ophir brand.
- 06TTM Technologies aims to integrate Ophir's optical capabilities into its defense sector offerings.
Ophir Optics, established in Jerusalem in 1976, specializes in components for thermal cameras and night vision systems. The acquisition allows TTM to enhance its defense sector offerings by integrating optical capabilities into its existing electronic systems.
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