VIAVI Acquires Jackson Labs For Position, Navigation and Timing (PNT) Solutions

Rhea-AI Summary

VIAVI Solutions Inc. (NASDAQ: VIAV) announced the acquisition of Jackson Labs Technologies, a leader in Position, Navigation and Timing (PNT) solutions. This strategic move enhances VIAVI's offerings in military and civilian applications, complementing their timing and synchronization portfolio. Jackson Labs' advanced technology is poised to meet the growing PNT requirements in defense, telecommunications, and transportation sectors. This acquisition is expected to expand Jackson Labs' global reach while improving operational scale for VIAVI.

Positive

• Acquisition of Jackson Labs enhances VIAVI's PNT solutions portfolio.
• Strengthens VIAVI's position in military and civilian markets.
• Expansion of market reach and operational scale.

Negative

• None.

CHANDLER, Ariz., Oct. 6, 2022 /PRNewswire/ -- VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced it has completed the acquisition of Jackson Labs Technologies, a leader in Position, Navigation and Timing (PNT) solutions for critical infrastructure serving both military and civilian applications.

Jackson Labs develops and supplies modules, subsystems and box-level solutions that include front-end receivers, transcoders, rack-mounted equipment, and patented retrofit technology. Their broad customer base includes armed forces, defense contractors, energy distribution infrastructure, Low Earth Orbit (LEO) operators, and 5G service providers. Jackson Labs' next-generation M-Code solutions complement and advance VIAVI's timing and synchronization portfolio at a time when PNT requirements for defense, space, commercial aviation, transportation and telecommunication networks are expanding and becoming increasingly critical.

"As telecommunications, avionics and mission-critical infrastructure adopt next-generation technology, legacy timing and synchronization protocols are no longer sufficient. Jackson Labs is a trusted provider of PNT solutions in these markets, and we look forward to addressing these opportunities together," said Oleg Khaykin, President and CEO of VIAVI. "With this acquisition, we are continuing to drive operational scale via the addition of advanced technology and high-performance products that address market segments with strong growth and profitability."

"Being a part of VIAVI will significantly expand Jackson Labs Technologies' market reach worldwide, and allow us to further deliver world-class solutions for the rapidly developing PNT landscape as it enters a new era," said Said Jackson, CEO of Jackson Labs Technologies.

DelMorgan & Co. acted as the exclusive financial advisor to Jackson Labs in connection with the transaction. Terms of the transaction are not being disclosed.

About VIAVI

VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, original equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization. VIAVI is also a leader in light management solutions for the anti-counterfeiting, consumer electronics, industrial, government and automotive markets. Learn more about VIAVI at www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn, Twitter, YouTube and Facebook.

Media Inquiries:

North America Sonus PR Micah Warren viavi@sonuspr.com	EMEA & Asia Pacific/Japan Sonus PR Chevaan Seresinhe viavi@sonuspr.com	Latin America Edelman Significa Monica Czeszak monica.czeszak@edelmansignifica.com
India Voila Communications Manish Sharma manish@voilacomm.in	China Archetype Geff Pan viavichina@archetype.cn

 

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SOURCE VIAVI Solutions

FAQ

What is the significance of VIAVI acquiring Jackson Labs?

The acquisition enhances VIAVI's Position, Navigation and Timing solutions, addressing critical infrastructure requirements.

How does the acquisition of Jackson Labs affect VIAVI's market position?

It strengthens VIAVI's offerings in military and civilian applications, expanding their market reach significantly.

What technologies does Jackson Labs bring to VIAVI Solutions?

Jackson Labs provides advanced PNT solutions, including M-Code technologies that complement VIAVI's synchronization portfolio.

What are the expected benefits of this acquisition for VIAVI shareholders?

Shareholders may benefit from enhanced operational scale, access to new markets, and potential revenue growth from Jackson Labs' offerings.