TTMI news

TTM Technologies reported record quarterly net sales and GAAP earnings, and announced plans to acquire Ophir Optics and UK companies, with AI demand driving growth.

MKS Inc. sold its Ophir Optics business to TTM Technologies for $650M in all-cash. The deal is valued at over 18x projected 2026 Adjusted EBITDA and is expected to close in Q2 2027.

TTM Technologies announced an all-cash agreement to acquire MKS Inc.'s Ophir Optics business for $650 million. The deal is expected to be immediately accretive and is anticipated to close in the second quarter of 2027.

TTM Technologies plans $400 million in brownfield capacity expansions in China and Malaysia to meet rising AI data center demand, augmenting a previously disclosed $1.2 billion investment commitment.

TTM Technologies entered into a new credit agreement with JPMorgan Chase Bank, N.A., among others, extending the maturity date by over two years. This refinancing supports the company's ongoing liquidity management.

TTM Technologies plans to offer $500 million of senior notes due 2034, with net proceeds to fund acquisitions of Epiq Solutions and STG, alongside other general corporate purposes.

TTM Technologies executed a second amended and restated credit agreement dated June 1, 2026, with JPMorgan Chase as administrative agent and multiple financial institutions as arrangers. The refinancing includes term B facility and revolving credit facilities with various tranches.