---
schema_version: "secwatch.filing_event.v1"
accession: "0001601046-25-000104"
form_type: "8-K"
ticker: "KEYS"
cik: "0001601046"
company_name: "Keysight Technologies, Inc."
filed_at: "2025-10-20T23:59:59+00:00"
generated_at: "2026-05-17T03:13:45.997901+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Keysight completes $1.7B acquisitions of Spirent, OSG, and PowerArtist

## Summary
- Deployed ~$1.7B cash: Spirent net ~$1.1B, OSG+PowerArtist ~$0.6B; post-deal cash >$1.5B.
- Adds ~$375M revenue with aggregate gross margin >75%; expands SAM by ~$1.25B.
- Expands software mix by ~300 bps; expected to be EPS accretive 12 months post-close.
- Gross leverage <2x, net leverage <1x; immediately accretive to gross margin.

## SEC filing metadata
- accession: 0001601046-25-000104
- form_type: 8-K
- ticker: KEYS
- cik: 0001601046
- company_name: Keysight Technologies, Inc.
- filed_at: 2025-10-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1601046/000160104625000104/0001601046-25-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1601046/000160104625000104/keys-20251020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001601046-25-000104
- JSON: https://secwatch.observer/filing/0001601046-25-000104.json
- Plain text: https://secwatch.observer/filing/0001601046-25-000104.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.