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Keysight outbids Viavi in effort to acquire Crawley’s Spirent Communications

The Business Magazine article image for: Keysight outbids Viavi in effort to acquire Crawley’s Spirent Communications
2 April 2024

Keysight Technologies has swooped in hoping to acquire West Sussex-based Spirent Communications for £1.16 billion – outbidding rival American firm Viavi by 15 per cent.

As reported by The Business Magazine, last month Spirent had agreed a deal with network testing firm Viavi, which was prepared to offer 175 pence per share.

But the Crawley business has now withdrawn support and may instead opt for electronic equipment maker Keysight’s superior proposal of 201.5 pence per share.

Read the March 2024 issue of The Business Magazine, including our feature on skills

Eric Updyke, CEO of Spirent, said: “Following my discussions with the Keysight management team, I’m excited about the broader reach and expanded long-term prospects for Spirent arising from the combination with Keysight.

“The market environment remains challenging, but with this strong strategic fit – bringing together our complementary services and solutions – we’re confident in the opportunities this will bring for our stakeholders.”

Spirent employs more than 1,500 employees – almost 5 per cent of whom, says Keysight, will be leaving the company as part of the acquisition.

Viavi argued Friday that its own acquisition offer ‘represents certain value’ due to its limited business overlap with Spirent.

The company went on to say that ‘the proposed combination of Keysight and Spirent would further entrench Keysight’s leading position in many product segments, which would limit customer choice’.

Read more - Spirent Communications announces series of strategic business moves


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Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL.

Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience.

Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.

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