UK mobile test and measurement firm Anite is to be acquired by rival Keysight Technologies Netherlands, a wholly owned indirect subsidiary of US-based Keysight Technologies. The Anite board has recommended the deal, which is expected to close in October.
Anite supplies test and measurement solutions to the wireless market. It provides testing, measurement, optimisation and analytics systems based on its proprietary software and hardware products.
Customers include manufacturers of mobile devices, chipsets and network equipment, mobile network operators, regulatory authorities, and independent test houses. It has approximately 500 staff in its UK headquarters offices in 14 countries across Europe, the Americas, Asia and the Middle East.
For the year ending 30 April 2014, Anite posted revenues of £109.2m (2013: £113.1m) and a pre-tax profit of £14.9m (2013: £29.5m).
Commenting on the acquisition, Ron Nersesian, president and CEO of Keysight, said: “The combination of Keysight and Anite enables us to offer a broad portfolio of leading-edge solutions throughout the wireless research and development cycle. This will help us to expand our portfolio into the software layer for design and validation, and expand Keysight's position as a supplier for wireless design and validation tools.”
Clay Brendish, chairman of Anite, said: “Over a number of years, the Anite team has executed successfully against our strategic plan to transform the business into a pure play global wireless test and measurement business. The combination of Anite and Keysight has strong strategic logic, with Anite’s software expertise strongly complementing Keysight’s hardware expertise.
“Our market has been characterised by ongoing customer consolidation, increasing the importance of scale and strength to support customers around the globe and invest in major research and development programmes across the technology cycle. Keysight brings the scale and financial resources to continue to develop Anite’s business.”
Keysight, based in Santa Rosa, California, was spun out of Agilent last year. It is an electronic measurement specialist delivering solutions in wireless communications, aerospace and defense, and industrial, computer and semiconductor markets.
Keysight has approximately 9,600 employees and serves customers in more than 100 countries. For the 12 months ended 30 April 2015, Keysight's net revenue was approximately US $3.0 billion and as of 16 June it had a market capitalisation of approximately $5.5 billion (£3.5 billion).