The acquisition of Spirent Communications has been finalized, according to Keysight Technologies. One of the top providers of automated test and assurance solutions for networks, cybersecurity, and positioning worldwide is Spirent Communications.
Its cutting-edge products, services, and managed solutions assist customers in overcoming the automation, testing, and assurance difficulties associated with next-generation technologies, such as 5G, SD-WAN, cloud, and driverless cars.
On a fully diluted basis, the total transaction consideration came to about £1.16 billion (about US $1.46 billion). In addition to the already paid special dividends of 3.5 pence per share, shareholders will receive a total of 202.5 pence per share, which includes 199 pence in cash.
Spirent’s shares will be delisted from the London Stock Exchange effective October 17. Its operations and financial results will now be integrated and reported within Keysight’s Communications Solutions Group as Keysight buys Spirent.
Regulatory Requirements Successfully Fulfilled
All regulatory requirements specified in previous announcements, including approvals from the French Ministry for the Economy, the German Federal Ministry for Economic Affairs and Climate Action, the State Administration for Market Regulation (SAMR) in China, the U.S. Department of Justice (DOJ), the UK Competition and Markets Authority, and the French Ministry for the Economy, must be satisfied before Keysight buys Spirent transaction is completed.
Keysight and Spirent have decided to sell off Spirent’s high-speed Ethernet, network security, and channel emulation business lines in compliance with the consent agreement signed with the DOJ and the commitments given to SAMR. The anticipated completion date of this divestiture of Keysight buys Spirent is October 16, 2025.
Leadership Comments
“Today marks a milestone for Keysight as we officially welcome Spirent into our company. By combining Keysight’s leading design, emulation, and test expertise with Spirent’s strengths in satellite emulation, positioning, and network automation, we are expanding the breadth of our portfolio to better serve our customers. This acquisition accelerates our strategy and positions us to deliver even greater value in a rapidly evolving technology landscape,” said Satish Dhanasekaran, Keysight’s President and Chief Executive Officer.
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