“The Spirent Board intends to unanimously recommend this all-cash offer, which not only represents an attractive outcome for Spirent shareholders, but also provides a significant opportunity for employees, customers, and other stakeholders through what is a highly strategic and highly complementary combination,” said Sir Bill Thomas, Chairman of Spirent. “With its strong management team, global scale, and cultural alignment between our businesses, we are confident that in VIAVI, we have found the right owner to take Spirent into the next phase of its growth story.”

“VIAVI is proud to help enable its global customers to pursue innovation across the broad range of industries they serve,” said Oleg Khaykin, president and CEO of VIAVI. “The combination of our leading optical and communications test and measurement technologies and Spirent’s high-performance test and assurance solutions is expected to deliver enhanced product solutions and applications, accelerate growth in new markets, and strengthen innovation through expanded engineering and design capabilities. Furthermore, we are uniting two teams with a shared passion for developing compelling, cutting-edge offerings for customers and a commitment to technological excellence. We are pleased to receive a long-term strategic investment from Silver Lake in connection with the acquisition. Silver Lake has a proven track record of supporting leading technology companies through both organic growth investments and acquisitions at scale.”