Viavi Solutions Inc. (NasdaqGS:VIAV) acquired Jackson Labs Technologies, Inc. for approximately $170 million on October 4, 2022. As per the terms of agreement, $53 million, net of cash acquired, subject to working capital adjustments and additional consideration of up to $117 million in earn out payments to be paid in cash predominantly based on the achievement of certain revenue targets over a three year period. DelMorgan & Co. acted as the exclusive financial advisor to Jackson Labs in connection with the transaction.

Viavi Solutions Inc. (NasdaqGS:VIAV) completed the acquisition of Jackson Labs Technologies, Inc. on October 4, 2022. The cash consideration is after adjustments. Viavi Solutions also acquired $1.1 million of cash and cash equivalents of Jackson.