Keysight Technologies has announced it has completed its acquisition of Spirent Communications.
“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 Chief Executive Officer.
Spirent Communications is a leading global provider of automated test and assurance solutions for networks, cybersecurity, and positioning. Its innovative products, services, and managed solutions help customers address the testing, assurance, and automation challenges of next-generation technologies, including 5G, SD-WAN, cloud, and autonomous vehicles.
The aggregate transaction consideration totaled approximately £1.16 billion (around US $1.46 billion) 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.
Spirent’s shares will be delisted from the London Stock Exchange effective October 17. Its operations and financial results will now be integrated and reported within Keysight’s Communications Solutions Group.
Kailash Narayanan, Senior Vice President, Keysight Technologies, added, “The acquisition of Spirent enables Keysight to deliver industry-leading, comprehensive test and assurance solutions. Spirent’s industry-leading positioning technologies portfolio strengthens our end-to-end solutions across commercial communications and aerospace defense, especially as applications such as non-terrestrial networks, Low Earth Orbit constellations and emerging 6G standards gain traction over the next few years. With this, Keysight is empowering customers to innovate faster, improve network quality, and scale securely across industries.”
The completion of this transaction follows the satisfaction of all regulatory conditions outlined in prior announcements, including clearances from the U.S. Department of Justice (DOJ), the UK Competition and Markets Authority, the French Ministry for the Economy, the German Federal Ministry for Economic Affairs and Climate Action, and the State Administration for Market Regulation (SAMR) in China.
In accordance with the consent decree entered into with the DOJ and undertakings made to SAMR, Keysight and Spirent have agreed to divest Spirent’s high-speed Ethernet, network security, and channel emulation business lines. This divestiture is expected to be completed on October 16, 2025.
