Viavi to acquire Inertial Labs for initial consideration of $150M at closing

Viavi (VIAV) Solutions announced that it has signed a definitive agreement to acquire Inertial Labs for initial consideration of $150M at closing and up to $175M of contingent consideration over four years. VIAVI intends to fund the transaction through cash on hand. The acquisition is expected to add approximately $50M to VIAVI’s Network and Service Enablement annual revenue in calendar year 2025 and is expected to be accretive to EPS within 12 months of closing. The acquisition has been approved by the Board of Directors of each company and is expected to close during the first quarter of calendar year 2025, subject to certain regulatory approvals and customary closing conditions.