TTM buys Ophir Photonics optics division for $650m

US know-how firm MKS right this moment introduced that it has entered right into a definitive settlement to promote its Ophir Photonics optics enterprise to TTM Applied sciences for $650 million money.

So far as is thought, the deal doesn’t embody Ophir’s laser division, which is able to stay with MKS, nor does it embody the sale of the Ophir model.

Based in 1976, Ophir develops and manufactures merchandise for electro-optical programs throughout quite a lot of fields. Amongst different issues, the corporate produces elements and assemblies using infrared know-how for thermal imaging and night time imaginative and prescient, that are used for a spread of functions within the protection sector.

Since being delisted from the Tel Aviv Inventory Change (TASE), the corporate not publishes its monetary outcomes. Nevertheless, it’s estimated that the transaction was valued at a a number of of about 10x the corporate’s annual adjusted EBITDA.

Over its 50 years of operation, the corporate, based mostly within the Har Hotzvim tech park in Jerusalem, has undergone quite a few modifications and adjusted possession a number of occasions. The corporate was based by three entrepreneurs, all holding PhDs in physics – Prof. Yaakov Zerem, Dr. Ephraim Greenfield, and Dr. Ephraim Secemski. Within the early Eighties, the founders bought a portion of their shares to Orit Industries, an organization then managed by the Clal Industries conglomerate, which later bought these shares again to the founders.

In 1991, the corporate held an IPO on the TASE and subsequently attracted investments from outstanding native market figures, together with Gershon Skop and Benny Landa. In 2008, the FIMI funding fund, managed by Ishay Davidi, acquired a 20% stake within the firm for $23.5 million. FIMI later realized a big exit when the corporate was bought in 2011 to US agency Newport, at a valuation of about $230 million.

A couple of decade later, in 2016, Ophir, which had continued to function independently from its services in Jerusalem and Romania, was bought, together with Newport, to MKS for $960 million. As we speak, the corporate, which has about 250 folks workers is managed.by CEO Dr. Kobi Lasri.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on October 19, 2026.