TTM acquires MKS’ Ophir optics business for USD650m
TTM Technologies has agreed to acquire the Ophir Photonics optics business from MKS Instruments for USD 650 million in cash.
The transaction covers Ophir’s optics operations, which develop and manufacture components and assemblies for electro-optical systems used in areas including thermal imaging, night vision, and other defense applications. Ophir’s laser division will remain with MKS, and the transaction does not include the Ophir brand.
Founded in 1976 and based in Jerusalem’s Har Hotzvim technology park, Ophir has operated under several owners over the past five decades and currently employs approximately 250 people. The deal is expected to close in the second quarter of 2027.
Arnon, Tadmor-Levy represented TTM in the transaction, with a team led by Barak Platt, Nataly Margalit, Micki Hirsch, Eli Greenbaum, Neta Goshen Brami, Shimon Aviran, Ofir Levy, Ayal HaCohen, Ben Sandler, Yishai Chamudot, and Hila Naftaly.
Herzog represented MKS, with the transaction led by Ran Hai and Adam Salkin, together with Ofek Galipoliti and Lara Czysnok. The broader team included Karen Elburg, Barak Vardi, Raanan Sagiv, Shiran Stein, Dr. Ehab Farah, Ronen Avner, Lior Lederman, Maayan Hammer-Tzeelon, Daniel Roytman Yanay, Ofer Granot, Shachar Porat, Dan Mandelbaum, Yali Gutman, Itay Harel, Neven Aburaya, Iris Achmon, Guy Mydani, Einat Steiner, and Carmel Gortler.
