Keysight Technologies (KEYS) announced it has completed its acquisition of Spirent Communications plc (SPMYY). “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 CEO. The aggregate transaction consideration totaled approximately GBP 1.16 billion, or around $1.46B, on a fully diluted basis. Spirent shareholders will receive a total of 202.5 pence per share, comprising 199 pence in cash, and the previously paid special dividends of 3.5 pence per share.
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