VIAVI agrees to buy Spirent ethernet and network security unit for $410 million
VIAVI signed an asset purchase agreement with Keysight Technologies to buy the high-speed ethernet and network security business lines of Spirent Communications for a $410 million base price paid at closing, plus $15 million of contingent cash consideration. The deal depends on Keysight's pending acquisition of Spirent and on regulatory approvals, and is expected to close in the second quarter of calendar 2025. VIAVI has also secured commitments for a $425 million senior secured term loan to fund the purchase, and the company expects the business to add about $180 million to its NSE revenue in the first 12 months after closing.
Key points
- Base purchase price of $410 million paid at closing, plus $15 million contingent on certain metrics before closing
- Expected close in the second quarter of calendar 2025, subject to regulatory approvals and closing of Keysight's Spirent acquisition
- Committed $425 million senior secured term loan facility to fund the acquisition
- Company expects about $180 million of added NSE revenue in the first 12 months after closing and EPS accretion 12 months after closing
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 03, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.