- Enables VIAVI to offer new solutions in high-speed ethernet and network security testing
- Provides a complementary and synergistic product portfolio across ethernet, security, AI, and digital infrastructure verticals
CHANDLER, Ariz., March 3, 2025 /PRNewswire/ -- VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that it has signed a definitive agreement to acquire Spirent Communications plc's high speed ethernet and network security business lines (the "High-Speed Ethernet and Network Security Business") from Keysight Technologies, Inc. for $410 million base cash consideration and an additional $15 million contingent cash consideration to be paid at closing, subject to customary closing adjustments and conditions. The acquisition is conditional on regulatory approvals and is expected to close in the second quarter of calendar year 2025, shortly after the close of Keysight's acquisition of Spirent.
The transaction provides a complementary addition to VIAVI's ethernet testing platform and immediate infusion of software, hardware and protocol domain expertise across network layers to enhance VIAVI's engagement in the growing Ethernet, Security, AI, and digital infrastructure end markets.
"This transaction represents another step in our NSE growth strategy," said Oleg Khaykin, President and CEO of VIAVI. "For the past 30 years, Spirent's High-Speed Ethernet and Network Security Business has facilitated end-to-end test and validation of network performance. This transaction brings to VIAVI an advanced ethernet test and security product portfolio in the NEMs, Enterprise, Service Providers, Data Center Ecosystem and Government segments."
The transaction is expected to add approximately $180 million to VIAVI's NSE revenue in the first 12 months after closing and expected to be accretive to EPS 12 months after closing. VIAVI anticipates utilizing its US net operating losses to lower the combined group's blended non-GAAP tax rate.
Wells Fargo has committed to provide a $425 million Term Loan B to fund the transaction. In addition, VIAVI may elect to increase the amount of the Term Loan B for general corporate purposes on a "best-efforts" basis subject to market conditions.
About VIAVI
VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace and railway. VIAVI is also a leader in light management technologies for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, government and aerospace applications. Learn more about VIAVI at www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn and YouTube.
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发表于 2025-3-7 09:45:55