Keysight announced Tuesday that Keysight Netherlands B.V., a wholly owned indirect subsidiary of Keysight Technologies, would acquire Anite, a U.K.-based leading supplier of test and measurement solutions to the international wireless market, for $606 million in cash.
“As a leading supplier of software solutions for wireless research and development, Anite is aligned with Keysight’s strategy to grow in wireless and increase our software offerings,” said Ron Nersesian, Keysight president and CEO, in a statement (about.keysight.com/docs/investor_info.shtml). “The combination of Keysight and Anite — two global leaders with complementary strengths — enables us to offer a broad portfolio of leading-edge solutions throughout the wireless research and development cycle. This will help us to expand our portfolio into the software layer for design and validation, and expand Keysight’s position as a supplier for wireless design and validation tools. We look forward to welcoming the talented team at Anite and the value this combination will deliver to customers worldwide.”
Anite, based in Fleet, U.K., is a global supplier of software-centric solutions that enable the efficient design and validation of chipsets, mobile devices and network equipment. Its customers include major manufacturers of mobile devices, chipsets and network equipment, mobile network operators, regulatory authorities, and independent test houses. With offices in 14 countries, Anite has more than 500 employees throughout the world.
Pending the approval of regulators and Anite’s shareholders, the deal is expected to close by the end of October.