Keysight Technologies and Ixia announced that Keysight has completed its acquisition of Ixia.
“We are pleased to have quickly brought the Ixia acquisition to completion and excited to add Ixia’s deep bench of talent to the Keysight team. This complementary combination accelerates several of our strategies for growth, including expanding our software solutions and software engineering capability. We have also broadened our reach within the communications development lifecycle, and will build and grow Ixia’s established strong position in the fast-growing visibility and security markets,” said Ron Nersesian, Keysight president and CEO.
“Keysight’s leadership now encompasses a unique range of end-to-end solutions for the development of next-generation technologies and optimizing and securing networks,” Nersesian added.
Ixia serves the top 15 network equipment manufacturers, 47 of the top 50 carriers, and 77 of the Fortune 100. Ixia also brings to Keysight over 400 patents issued and pending and a team of over 1,800 dedicated professionals.
The aggregate transaction consideration totaled approximately $1.6 billion, including transaction and financing fees and expenses and net of cash on hand at Ixia at the closing, with Ixia shareholders receiving $19.65 per share in cash. Keysight funded the transaction with a combination of cash on hand as well as proceeds from public offerings of stock and notes and additional debt financings. Ixia will no longer be traded on the Nasdaq Global Select Market and its financial results will be reported under Keysight’s newly formed “Ixia Solutions Group”.
