Keysight Technologies to buy Britain's Anite for $606 mn

Electronic measurement instruments maker Keysight Technologies Inc today struck a deal to buy Britain's Anite, a supplier of test and measurement equipments to the international wireless market, for £388 million ($606.87 million).

Under the deal that that has been approved by both boards, Keysight is offering to pay 126 pence per share, a premium of 22.3 per cent to Anite's Tuesday close.

Anite, based in Fleet, UK, is a global supplier of software-centric solutions that enable the design and validation of chipsets, mobile devices and network equipment.

Its customers include major manufacturers of mobile devices, chipsets and network equipment, mobile network operators, regulatory authorities, and independent test houses.

With offices in 14 countries, Anite has more than 500 employees throughout the world.

Keysight is a global electronic measurement technology and market leader in wireless, modular, and software solutions.

Its electronic measurement instruments, systems, software and services are used in the design, development, manufacture, installation, deployment and operation of electronic equipment.

The California-based company had revenues of $2.9 billion in fiscal year 2014.

''As a leading supplier of software solutions for wireless research and development, Anite is aligned with Keysight's strategy to grow in wireless and increase our software offerings,'' said Ron Nersesian, Keysight president and CEO.

''The combination of Keysight and Anite - two global leaders with complementary strengths -- 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,'' added Nersesian.