Viavi Solutions Inc. (NASDAQ: VIAV) has announced that it has completed the acquisition of the AvComm and Wireless Test and Measurement businesses of Cobham plc (LSE: COB), the company said.
VIAVI acquired Cobham T&M for all-cash consideration of USD 455 million, subject to certain customary closing adjustments. The acquisition is expected to be accretive to VIAVI´s non-GAAP earnings per share beginning in fiscal fourth quarter 2018, ending on June 30, 2018.
VIAVI is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems, supported by a worldwide channel community including VIAVI Velocity Solution Partners. Learn more about VIAVI at www.viavisolutions.com.