US-based Viavi Solutions has signed a deal to buy Spirent Communications’ high speed ethernet and network security business from Keysight Technologies for $410m and an additional $15m to be paid at closing.
Source: Sharecast
The purchase 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, all three companies said in a statement on Monday.
Keysight last year reached a deal to buy Spirent for £1.16bn, outbidding US peer Viavi which had already agreed to take over the UK telecoms group.
Reporting by Frank Prenesti for Sharecast.com
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