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Viavi Solutions ( (VIAV) ) just unveiled an update.
Viavi Solutions Inc. has announced a definitive agreement to acquire Inertial Labs, Inc. for an initial consideration of $150 million, with potential additional payments up to $175 million over four years. This strategic acquisition expands VIAVI’s reach into aerospace, defense, and industrial markets, broadening its product portfolio with complementary offerings and accelerating its entry into high-growth applications such as autonomous systems. The deal, expected to add approximately $50 million to annual revenue and be accretive to earnings within a year, is set to close in the first quarter of 2025, pending regulatory approvals.
More about Viavi Solutions
Viavi Solutions Inc. (VIAVI) is a global provider of network test, monitoring and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace and railway sectors. The company is also a leader in light management technologies for applications in 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, government, and aerospace.
YTD Price Performance: 10.33%
Average Trading Volume: 1,609,473
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.46B
For detailed information about VIAV stock, go to TipRanks’ Stock Analysis page.
