Keysight Provides Update on Regulatory Review and Expected Completion Timeline on Spirent Communications Acquisition

SANTA ROSA, Calif. & LONDON--(BUSINESS WIRE)--Keysight Technologies, Inc. (NYSE: KEYS) ("Keysight") confirms that Keysight and Spirent Communications PLC (London Stock Exchange Symbol: SPT) ("Spirent") continue to engage constructively with the State Administration for Market Regulation of the People's Republic of China ("SAMR") in connection with its ongoing review of Keysight's proposed acquisition of Spirent (the "Acquisition").

Clearance from SAMR is the final regulatory clearance in relation to the Acquisition and, with support and assistance from Spirent, Keysight remains committed to working quickly and constructively with SAMR to obtain clearance for the Acquisition.

Completion of the Acquisition remains subject to the satisfaction or (if capable of waiver) waiver of the remaining conditions to the Acquisition set out in Part III of the Scheme Document, (the "Conditions") including the Condition relating to sanction of the Scheme by the Court. Keysight now expects that the Scheme will become effective on or before September 29, 2025, being the Long Stop Date (as defined in the Scheme Document). The parties continue to keep the timetable under close review and will provide any updates as required.

Capitalized terms in this announcement, unless otherwise defined, have the same meanings given to them in the Update on Regulatory Clearances announcement in relation to the Acquisition published on December 2, 2024.

About Keysight Technologies

At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we’re delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product life cycle. We’re a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and www.keysight.com.

Important Notices

This announcement is for information purposes only. It is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the Acquisition or otherwise nor will there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

Source: IR-KEYS