Keysight Technologies‘ KEYS 0.00%↑ acquisition of Spirent Communications is facing delays as it awaits regulatory approvals in the United States and China, the companies announced. The nearly $1.5 billion deal, which saw Keysight outbid Viavi Solutions VIAV 0.00%↑ for Spirent, was initially expected to close by the end of April but is now anticipated to be finalized before the end of July.
In a trading update, Spirent reported that its revenue and orders were “in line with our plan and in line with the same period last year.” As part of the acquisition, Keysight has agreed to divest some of Spirent’s assets, including its high-speed ethernet and network security business, which Viavi Solutions is set to acquire upon the deal’s completion.
Meanwhile, Viavi Solutions is expanding its own location industry portfolio. As Location Business News reported in December 2024, the company announced its acquisition of Inertial Labs late last year for $150 million at closing and as much as $175 million of contingent considerationi. According to Viavi, Inertial Labs’ offerings, which include Inertial Measurement Units (IMU) and Inertial Navigation Systems (INS), are “highly complementary” to Viavi’s existing PNT (Position, Navigation and Timing) and other aerospace and defense solutions.
For its part, Crawley, England-based Spirent said it won a lunar and space exploration contract during the quarter for its Positioning business.
