Keysight Technologies announced a recommended cash acquisition of Anite, a U.K.-based leading supplier of test and measurement solutions to the international wireless market. At 126 pence per share, the acquisition values Anite (on a fully diluted basis) at approximately £388 million (US$606 million based upon an exchange rate of 1.56 USD:GBP). This cash acquisition has been unanimously recommended by the board of directors of Anite. The acquisition will be made by Keysight Netherlands B.V., a wholly owned indirect subsidiary of Keysight Technologies.
The combination of Keysight and Anite will enables them to offer a broad portfolio of solutions throughout the wireless research and development cycle. This will help expand their portfolio into the software layer for design and validation, and expand Keysight's position as a supplier for wireless design and validation tools.
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.
The transaction is subject to a number of conditions as set forth in the announcement released today in accordance with Rule 2.7 of the UK Takeover Code, including regulatory approvals and the approval of Anite’s shareholders. Subject to the satisfaction of the conditions, the transaction is expected to close by the end of October 2015.
