VIAVI Completes Acquisition of Cobham AvComm and Wireless T&M Businesses

Viavi Solutions Inc. has completed the acquisition of the AvComm and Wireless Test and Measurement businesses of Cobham plc.

VIAVI acquired Cobham T&M for all-cash consideration of $455 million, subject to certain customary closing adjustments.  The acquisition is expected to be accretive to VIAVI's non-GAAP earnings per share beginning in fiscal fourth quarter 2018, ending on June 30, 2018.

VIAVI is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems, supported by a worldwide channel community including VIAVI Velocity Solution Partners.

The company delivers end-to-end visibility across physical, virtual and hybrid networks, enabling customers to optimize connectivity, quality of experience and profitability.

VIAVI is also a player in high performance thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer electronics, automotive, defense and instrumentation markets.