Subject to certain customary closing adjustments, Viavi Solutions Inc. is set to acquire Cobham Test and Measurement for $455 million cash consideration. Approved by the Board of Directors of both companies, the acquisition is expected to close during the second half of VIAVI’s fiscal year 2018, subject to obtaining clearance under the Hart-Scott-Rodino Antitrust Improvements Act, as well as other customary closing conditions.
The acquisition is particularly beneficial for VIAVI as it Strengthens VIAVI’s position in the emerging 5G wireless deployment market and also diversifies VIAVI’s T&M business into military, public safety and avionics test markets.
Cobham AvComm and Wireless T&M is the leader in comprehensively testing communication service providers’ networks from the radio access network through to the network core and has generated more than $200 million in 2017.
According to Oleg Khaykin, President and CEO of VIAVI:
“This combination is another step in our NSE strategy of driving operational scale and monetizing our NOL assets. Cobham AvComm and Wireless T&M are recognized leaders with a world-class team that has a long track record of successfully bringing innovative solutions to market. Together, we expect new opportunities to grow through channel expansion and technology sharing as we address rapidly emerging opportunities in 5G, software-defined and virtualized test.”
About Viavi Solutions
Founded in 1979 and headquartered in U.S., Viavi Solutions is global providers of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems, supported by a worldwide channel community including VIAVI Velocity Solution Partners. Viavi delivers end-to-end visibility across physical, virtual and hybrid networks, enabling customers to optimize connectivity, quality of experience and profitability and is also the leader in high performance thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer electronics, automotive, defense and instrumentation markets. Viavi employs around 2700 employees.
About Cobham plc.
Established in 1934 and headquartered in the UK, Cobham plc. is a leading global technology and services innovator, respected for providing solutions to the most challenging problems, from deep space to the depths of the ocean. Cobham enjoys market leading position in wireless, audio, video and data communications, including satellite communications; defence electronics; air-to-air refueling; aviation services; life support and mission equipment and employs around 10692 employees worldwide.