JDSU agreed to acquire Agilent Technologies’ network solutions business for $165 million in cash.
The network solutions business includes Agilent’s network assurance solutions, network protocol test and drive test products. The business had annual revenue of $162 million in its fiscal year ending Oct. 31, 2009. Agilent is an industry leader in network assurance and in next-generation network test systems. Its customer base includes leading service providers and network equipment manufacturers from around the world. gilent’s network solutions business employs approximately 700 people, with operations in Colorado, the U.K., Singapore and China.
The acquisition significantly expands JDSU’s communications test position, including the emerging market for LTE/4G solutions required by the dozens of wireless service providers and network equipment manufacturers upgrading to this next-generation technology.
Agilent said it is selling the group because it believes the business and its customers will be better served by a company that is focused exclusively on communications network test.
“This acquisition establishes JDSU as a market leader in wireless test instruments and systems and enables us to provide customers with new innovative LTE solutions as they deploy this next-generation mobile data technology,” said Tom Waechter, president and chief executive officer of JDSU. “JDSU gains market-leading technology and a talented employee team that will fit well with JDSU’s customer-centric culture.”http://www.jdsu.com
http://www.agilent.com
