Keysight Technologies Provides Update on Spirent Acquisition
Why we think this is neutral
The RNS provides an update on the previously announced acquisition of Spirent Communications by Keysight Technologies. While the update indicates progress on the regulatory approval process and the divestment of certain Spirent business lines, there is a lack of specific financial details and timeline information. Without clear revenue, margin, or earnings impact data, the overall sentiment is neutral.
Key Points
- Keysight to sell Spirent's high-speed ethernet and network security business lines to VIAVI Solutions
- Sale of divested business lines subject to regulatory approvals and completion of Keysight's acquisition of Spirent
- Keysight actively working with regulators to satisfy conditions for Spirent acquisition, targeting completion in first half of fiscal year
Summary
The technology company provides an update on its acquisition of Spirent Communications, including the planned divestment of certain Spirent business lines.
Keysight Technologies, Inc. (NYSE: KEYS) has provided an update on its previously announced acquisition of Spirent Communications plc. The key points are:
- Keysight has entered into an agreement to sell Spirent's high-speed ethernet and network security business lines to VIAVI Solutions, Inc. (NASDAQ: VIAV)
- The sale of the divested business lines is subject to regulatory approvals and completion of Keysight's acquisition of Spirent
- Keysight remains committed to working with regulators to satisfy the conditions for the Spirent acquisition, which it expects to complete in the first half of its current fiscal year (period ending 30 April 2025)
Key Dates
30 April 2025
Keysight expects to complete acquisition of Spirent
CONTRACT WIN