SANTA ROSA, Calif., Aug. 13, 2015
Keysight Technologies, Inc. (NYSE: KEYS) today announced that it has completed the acquisition of Anite. Keysight paid approximately $600 million in cash for Anite – a leading supplier of software solutions for wireless research and development – in a deal that supports Keysight's strategy to grow in wireless and expand its software offerings.
"The acquisition of Anite strengthens Keysight's wireless portfolio and helps us to expand our software offerings as we transition to a software-oriented solutions company," said Ron Nersesian, Keysight president and CEO. "Our combined, complementary strengths will enable us to provide greater value and more possibilities for our customers.""We are very pleased to welcome Anite to Keysight," added Nersesian.
Keysight Technologies (NYSE:KEYS) is a global electronic measurement technology and market leader helping to transform its customers' measurement experience through innovations in wireless, modular, and software solutions. Keysight's electronic measurement instruments, systems, software and services are used in the design, development, manufacture, installation, deployment and operation of electronic equipment. The business had revenues of $2.9 billion in fiscal year 2014. Information about Keysight is available at www.keysight.com.
This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. These forward-looking statements involve risks and uncertainties that could significantly affect the expected results and are based on certain key assumptions. Due to such uncertainties and risks, no assurances can be given that such expectations will prove to have been correct, and readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. The forward-looking statements contained herein include, but are not limited to, the expected benefits and costs of the transaction; the plans, strategies and objectives of management for future operations; product development, product extensions, product integration, complementary product offerings and growth opportunities in certain business areas; and any assumptions underlying any of the foregoing. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to the possibility that expected benefits of the transaction may not materialize as expected; that Keysight may not be able to successfully integrate the products and employees of Keysight and Anite or ensure the continued performance or growth of Anite's products.In addition, other risks that Keysight faces include those detailed in Keysight's filings with the Securities and Exchange Commission, including our quarterly report on Form 10-Q for the quarter ended April 30, 2015. Forward-looking statements are based on the beliefs and assumptions of Keysight's management and on currently available information. Keysight undertakes no responsibility to publicly update or revise any forward-looking statement.
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