Recommended Cash Acquisition of Spirent Communications by Keysight
03 Março 2025 - 4:00AM
Business Wire
- Update re: Acquisition of Spirent
Further to the announcement of 2 December 2024, Keysight
Technologies, Inc. (NYSE: KEYS) (“Keysight”) today announces
that it has entered into an agreement with VIAVI Solutions, Inc.
(“VIAVI”) (NASDAQ: VIAV) for the sale of Spirent’s
high-speed ethernet and network security business lines (the
“Divestment Business”) to VIAVI.
The sale of the Divestment Business is subject to customary
conditions, including regulatory approvals and completion of
Keysight’s acquisition of Spirent (the “Acquisition”).
Keysight currently expects the sale of the Divestment Business to
complete shortly after the Acquisition becoming effective.
Keysight continues to believe that the Acquisition represents a
highly compelling combination for both Keysight and Spirent
stakeholders.
Consistent with Keysight’s approach to proactively address
regulatory processes, Keysight remains committed to working quickly
and constructively with the relevant regulatory authorities to
satisfy the Conditions to the Acquisition. Keysight continues to
actively work towards the Scheme becoming effective during the
first half of Keysight’s current fiscal year (period ending 30
April 2025). The parties continue to keep the timetable under close
review and will provide any updates as required.
Keysight notes that, on 7 October 2024, Keysight and Spirent
entered into an amendment to a non-disclosure agreement between the
parties and a clean team agreement between the parties, dated 9
March 2024 and 10 March 2024 respectively (the “Amendment
Letter”). A copy of the Amendment Letter will be made available
on Spirent and Keysight websites at https://corporate.spirent.com/
and https://investor.keysight.com/investor-resources/proposed-
acquisition-of-spirent/.
Capitalised terms in this announcement, unless otherwise
defined, have the same meanings given to them in the Update on
Regulatory Clearances announcement in relation to the Acquisition
published on 2 December 2024.
About Keysight Technologies
At Keysight (NYSE: KEYS), we inspire and empower innovators to
bring world-changing technologies to life. As an S&P 500
company, we’re delivering market-leading design, emulation, and
test solutions to help engineers develop and deploy faster, with
less risk, throughout the entire product lifecycle. We’re a global
innovation partner enabling customers in communications, industrial
automation, aerospace and defense, automotive, semiconductor, and
general electronics markets to accelerate innovation to connect and
secure the world. Learn more at Keysight Newsroom and
www.keysight.com.
Source: IR-KEYS
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version on businesswire.com: https://www.businesswire.com/news/home/20250302378771/en/
Investor Contact: Keysight Technologies, Inc.
investor.relations@keysight.com Tel: +1 (707) 577-6916
Teneo (Public Relations Adviser to Keysight) Martin
Robinson Olivia Peters Tel: +44 (0)20 7260 2700
Keysight Technologies (NYSE:KEYS)
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