Keysight Outbids Viavi for Spirent Acquisition
Viavi Solutions Friday slammed the deal that has rival Keysight Technologies acquiring Spirent Communications for $1.46 billion in cash. Keysight bid 15% more for Spirent than Viavi did. U.K.-based Spirent provides automated test and assurance solutions for networks. Spirent’s business…
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is "aligned with Keysight’s long-term software-centric solutions strategy,” Keysight said Thursday in announcing the purchase. However, Viavi cited "strategic synergy" between itself and Spirent. Moreover, the two companies' "respective complementary products will help customers address their complex engineering challenges,” Viavi added, saying it “believes that the proposed combination of Keysight and Spirent would further entrench Keysight’s leading position in many product segments, which would limit customer choice.”