JDSU has entered into a definitive agreement to acquire the Network Solutions communications test business of Agilent, including the unit’s Long Term Evolution (LTE) network verification and deployment products, for $165 million in cash.
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.
More than 50 wireless service providers worldwide have announced plans to deploy LTE, including such companies as AT&T, Bell Canada, China Telecom, China Mobile, T-Mobile Germany, NTT DoCoMo and Verizon Wireless. Test products are used throughout the LTE development, deployment and operational life-cycle.
The Agilent unit being acquired by JDSU has approximately 700 employees with business operations located in Colorado, the U.K., Singapore and Beijing.