Electronic measurement maker Keysight Technologies Inc. (NYSE: KEYS) has closed the $600 million cash acquisition of Anite, to expand into wireless technology.
Fleet, England-based Anite, founded in 1973, makes software that tests handsets and other wireless equipment. The target generated about $170 million in revenue for 2014.
“The acquisition of Anite strengthens Keysight’s wireless portfolio and helps us to expand our software offerings as we transition to a software-oriented solutions company,” says Keysight CEO Ron Nersesian.
In another recent wireless technology deal, Qualcomm Inc. (Nasdaq: QCOM) is buying Ikanos Communications Inc. (Nasdaq: IKAN), a networking semiconductor and software provider, for about $47 million, announced on Aug. 6.
Santa Rosa, California-based Keysight made the purchase through Keysight Netherlands BV.
Goldman Sachs, & Co. (NYSE: GS) advised Keysight. Evercore (NYSE: EVR), Jefferies (NYSE: JEF) and Canaccord Genuity advised Anite.