VIAVI to acquire Spirent’s high-speed Ethernet test business from Keysight for $410M

VIAVI SOLUTIONS INC.

Base purchase price $410M plus up to $15M contingent cash consideration.
Expected close in Q2 2025, conditional on regulatory approvals and Keysight's Spirent acquisition.
Acquisition expected to add ~$180M to NSE revenue in first 12 months and be EPS accretive after 12 months.
VIAVI secured a $425M Term Loan B commitment from Wells Fargo to fund the transaction.

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