Viavi has agreed to acquire the AvComm and Wireless test business of aerospace and defense electronics company Cobham for $455 million cash. The agreement is intended to strengthen VIAVI’s position in the emerging 5G wireless deployment market and will also diversify the firm’s T&M business into military, public safety and avionics test markets.
Cobham’s wireless unit in Britain focuses on 5G mobile network testing, while the communications equipment maker AvComm is based in the U.S. The deal is expected to complete in the first half of this year.
“This combination is another step in our NSE strategy of driving operational scale and monetizing our NOL assets,” said Oleg Khaykin, President and CEO of VIAVI. “Cobham AvComm and Wireless T&M are recognized leaders with a world-class team that has a long track record of successfully bringing innovative solutions to market. Together, we expect new opportunities to grow through channel expansion and technology sharing as we address rapidly emerging opportunities in 5G, software-defined and virtualized test.”
Read more: www.viavisolutions.com