M&A Deal Summary

VIAVI Acquires Spirent Communications

On March 5, 2024, VIAVI acquired communications company Spirent Communications for 1.0B GBP

Acquisition Highlights
  • This is VIAVI’s 3rd transaction in the Communications sector.
  • This is VIAVI’s 2nd largest (disclosed) transaction.
  • This is VIAVI’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-03-05
Target Spirent Communications
Sector Communications
Buyer(s) VIAVI
Deal Type Add-on Acquisition
Deal Value 1.0B GBP
Advisor(s) Rothschild Global Advisory
UBS Investment Bank
Jefferies (Financial)
Linklaters (Legal)

Target

Spirent Communications

Crawley, United Kingdom
Spirent Communications operates as a communications test and measurement company in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Spirent Communications was founded in 1936 and is based in Crawley, the United Kingdom.

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Buyer(S) 1

Buyer

VIAVI

Chandler, Arizona, United States

Category Company
Founded 1923
Sector Technology Hardware
Employees3,600
Revenue 1.1B USD (2023)
DESCRIPTION

VIAVI specializes in the design and manufacture of products for optical communications networks, communications test and measurement equipment, lasers, and optical solutions. The Company was originally known as JDS Uniphase Corp. and became VIAVI in 2015. Viavi was founded in 1923 and is based in Chandler, Arizona.


DEAL STATS #
Overall 35 of 35
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 25 of 25
Country (United Kingdom) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 2 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-16 Cobham - AvComm and Wireless Test and Measurement Businesses

Wimborne, United Kingdom

Cobham plc - AvComm and Wireless Test and Measurement Businesses is a provider of test an measurement equipment.

Buy $455M