At 126 pence (UK) per share, the acquisition values Anite at approximately £388 million (US$606 million based upon an exchange rate of 1.56 USD:GBP). Keysight says that Anite is, “aligned with Keysight’s strategy to grow in wireless [communications] and increase our software offerings. ” (Ron Nersesian, Keysight president and CEO). Keysight says that the move increases he market it can address in wireless R&D and test.
“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,” added Nersesian.
Anite, based in Fleet, UK, 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.
Find the full legal statement aobut the proposed acquisition at; http://about.keysight.com/docs/investor_info.shtml
Keysight Technologies; www.keysight.com