Spirent Communications plc (LSE:SPT) acquired Test Lab Automation portion from NetScout Systems, Inc. for $8.3 million on September 8, 2023.
Spirent Communications plc (LSE:SPT) completed the acquisition of Test Lab Automation portion from NetScout Systems, Inc. for $7.8 million on September 8, 2023. The purchase price of $7.8 million, is inclusive of a working capital adjustment. In connection with the divestiture, NetScout has entered into a transitional services agreement with Spirent to provide certain services through December 31, 2023.
Spirent Communications plc is a United Kingdom-based provider of automated test and assurance solutions for networks, cybersecurity and positioning. The Company provides products, services and managed solutions that address the test, assurance and automation challenges of technologies, including fifth generation (5G), SD-WAN, Cloud, autonomous vehicles and beyond. It helps companies deliver on their promise to their customers of connected devices and technologies. The Company operates through two segments: Lifecycle Service Assurance and Networks & Security. Lifecycle Service Assurance segment offers solutions which provide end-to-end visibility, actionable insights and automated troubleshooting to radically simplify turn-up and assurance of 5G networks and services, reducing time and cost. Networks & Security segment develops test methodologies, tools and services for virtualized networks, cloud and artificial intelligence networking infrastructure, and proactive security validation.
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Investor
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Global
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ESG MSCI
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