Ophir Optics, which operates out of Israel and Romania, specializes in high-precision infrared thermal imaging and laser optics. The business provides a comprehensive suite of services ranging from initial design and engineering to final system testing and camera integration. TTM Technologies intends to leverage these assets to offer more robust, end-to-end solutions for its existing client base in the security and defense industries.

To finance the purchase, TTM plans to utilize a combination of cash on hand, projected operational cash flow, and its existing revolving credit facility. This financing strategy also accounts for the company’s ongoing expansion projects in Asia. Management anticipates that the acquisition will be immediately accretive to adjusted earnings per share upon completion.