US testing equipment vendor, Agilent is selling its Network Solutions communications test business to JDS Uniphase Corp (JDSU) for $165 million in cash. The transaction includes Agilent's LTE network verification and deployment products.
The parties expect to close the transaction, which is subject to receipt of customary regulatory approvals, in the June calendar quarter 2010.
The Agilent unit being acquired by JDSU had annual revenue for its fiscal year ending October 31, 2009 of $162 million from global sales of service assurance monitoring systems, drive test and protocol test instruments used by leading service providers and equipment manufacturers worldwide.
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.
"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."
The Agilent unit being acquired by JDSU has approximately 700 employees with business operations located in Colorado, the U.K., Singapore and Beijing.
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