VIAVI Expands Market Reach with Strategic Acquisition of Inertial Labs
Viavi Solutions (VIAV) has announced the acquisition of Inertial Labs for an initial $150 million, with potential additional payments of up to $175 million over four years. The transaction will be funded through cash on hand and is expected to close in Q1 2025. Inertial Labs, based in Leesburg, Virginia, specializes in orientation, positioning, and navigation solutions for aerospace, defense, and industrial applications.
The acquisition is projected to contribute approximately $50 million to VIAVI's Network and Service Enablement annual revenue in 2025 and become EPS accretive within 12 months of closing. The deal enhances VIAVI's portfolio with complementary products including Inertial Measurement Units, Navigation Systems, and LiDAR Scanning solutions, supporting expansion into autonomous air, land, and sea systems markets.
Viavi Solutions (VIAV) ha annunciato l'acquisizione di Inertial Labs per un importo iniziale di 150 milioni di dollari, con potenziali pagamenti aggiuntivi fino a 175 milioni di dollari distribuiti su quattro anni. La transazione sarà finanziata con liquidità disponibile ed è prevista la chiusura nel primo trimestre del 2025. Inertial Labs, con sede a Leesburg, Virginia, è specializzata in soluzioni di orientamento, posizionamento e navigazione per applicazioni aerospaziali, della difesa e industriali.
L'acquisizione contribuirà con circa 50 milioni di dollari al fatturato annuale di VIAVI per il Network e Service Enablement nel 2025 e diventerà accretiva per l'EPS entro 12 mesi dalla chiusura. L'accordo arricchisce il portafoglio di VIAVI con prodotti complementari, tra cui Unità di Misura Inerciale, Sistemi di Navigazione e soluzioni di Scansione LiDAR, supportando così l'espansione nei mercati dei sistemi autonomi aerei, terrestri e marittimi.
Viavi Solutions (VIAV) ha anunciado la adquisición de Inertial Labs por un monto inicial de 150 millones de dólares, con pagos adicionales potenciales de hasta 175 millones de dólares en un plazo de cuatro años. La transacción se financiará con capital disponible y se espera que se cierre en el primer trimestre de 2025. Inertial Labs, con sede en Leesburg, Virginia, se especializa en soluciones de orientación, posicionamiento y navegación para aplicaciones aeroespaciales, de defensa e industriales.
Se proyecta que la adquisición contribuirá con aproximadamente 50 millones de dólares a los ingresos anuales de VIAVI por Network y Service Enablement en 2025 y se volverá accretiva para el EPS dentro de los 12 meses posteriores al cierre. El acuerdo mejora el portafolio de VIAVI con productos complementarios que incluyen Unidades de Medida Inercial, Sistemas de Navegación y soluciones de Escaneo LiDAR, apoyando la expansión en los mercados de sistemas autónomos en aire, tierra y mar.
Viavi Solutions (VIAV)는 Inertial Labs를 1억 5천만 달러에 인수한다고 발표했으며, 향후 4년간 최대 1억 7천5백만 달러의 추가 지급이 있을 수 있습니다. 이 거래는 보유 현금을 통해 자금을 조달하며, 2025년 1분기에 마무리될 것으로 예상됩니다. Inertial Labs는 버지니아주 리즈버그에 본사를 두고 있으며, 항공우주, 방위 및 산업 응용 분야를 위한 방향, 위치 및 내비게이션 솔루션을 전문으로 합니다.
이번 인수는 2025년 VIAVI의 네트워크 및 서비스 활성화 연간 수익에 약 5천만 달러를 기여할 것으로 예상되며, 거래 마감 후 12개월 이내에 EPS에 긍정적인 기여를 할 것입니다. 이 거래는 관측 센서, 내비게이션 시스템 및 LiDAR 스캔 솔루션을 포함한 보완 제품으로 VIAVI의 포트폴리오를 강화하여 자율 공중, 육상 및 해양 시스템 시장으로의 확장을 지원합니다.
Viavi Solutions (VIAV) a annoncé l'acquisition de Inertial Labs pour un montant initial de 150 millions de dollars, avec des paiements supplémentaires potentiels allant jusqu'à 175 millions de dollars sur quatre ans. La transaction sera financée par des liquidités disponibles et devrait se conclure au premier trimestre 2025. Inertial Labs, basé à Leesburg, en Virginie, se spécialise dans les solutions d'orientation, de positionnement et de navigation pour les applications aéronautiques, de défense et industrielles.
L'acquisition devrait contribuer environ 50 millions de dollars au chiffre d'affaires annuel de VIAVI pour le réseau et l'activation des services en 2025 et devenir accretive de l'EPS dans les 12 mois suivant la clôture. Cet accord renforce le portefeuille de VIAVI avec des produits complémentaires, notamment des unités de mesure inertielle, des systèmes de navigation et des solutions de scanning LiDAR, soutenant l'expansion vers les marchés des systèmes autonomes aériens, terrestres et maritimes.
Viavi Solutions (VIAV) hat die Übernahme von Inertial Labs für zunächst 150 Millionen Dollar angekündigt, mit potenziellen zusätzlichen Zahlungen von bis zu 175 Millionen Dollar über einen Zeitraum von vier Jahren. Die Transaktion wird aus vorhandenen Barbeständen finanziert und soll im ersten Quartal 2025 abgeschlossen werden. Inertial Labs, mit Sitz in Leesburg, Virginia, spezialisiert sich auf Orientierungs-, Positions- und Navigationslösungen für Luft- und Raumfahrt-, Verteidigungs- und Industrieanwendungen.
Die Übernahme wird voraussichtlich rund 50 Millionen Dollar zum jährlichen Umsatz von VIAVI im Bereich Network und Service Enablement im Jahr 2025 beitragen und innerhalb von 12 Monaten nach Abschluss EPS-wirksam werden. Der Deal erweitert das Portfolio von VIAVI um ergänzende Produkte wie Inertiale Messeinheiten, Navigationssysteme und LiDAR-Scannungslösungen, die die Expansion in die Märkte für autonome Luft-, Land- und Seesysteme unterstützen.
- Initial acquisition cost of $150M with cash on hand, indicating strong financial position
- Expected $50M addition to annual revenue in 2025
- EPS accretive within 12 months of closing
- Expansion into high-growth markets (aerospace, defense, autonomous systems)
- Strategic portfolio enhancement with complementary navigation solutions
- Additional contingent payment obligation of up to $175M over four years
- Regulatory approvals still pending
Insights
- Strategic acquisition extends VIAVI's reach into aerospace, defense and industrial end markets
- Broadens VIAVI's portfolio with highly complementary product offerings
- Accelerates entry into high growth applications such as autonomous air, land and sea systems
The acquisition is expected to add approximately
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.
Headquartered in
Additionally, Inertial Labs' solutions include enablement of utility inspection through LiDAR and photogrammetry algorithms, and smart system navigation for both airborne and autonomous ground vehicles to accelerate VIAVI's entrance into industrial and autonomous delivery and transportation end markets.
"With a highly complementary product portfolio focused on alternate navigation solutions, this transaction supports VIAVI's strategy to expand our presence in domestic and international aerospace and defense segments and accelerates our entry into autonomous air, land and sea systems in the military and industrial end markets," said Oleg Khaykin, President and CEO of VIAVI.
"We are excited that our expertise, precision solutions and resources provide expansion opportunities for VIAVI in high growth markets and applications such as drone-based LiDAR and camera systems," said Jamie Marraccini, President and CEO of Inertial Labs.
About VIAVI
VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace and railway. VIAVI is also a leader in light management technologies for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, government and aerospace applications. Learn more about VIAVI at www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn and YouTube.
About Inertial Labs
With over 20 years of industry experience, Inertial Labs is a leading designer, integrator, and manufacturer of cutting-edge Inertial Measurement Units (IMUs), GPS-Aided Inertial Navigation Systems (INSs) and Attitude & Heading Reference Systems (AHRSs). Our team leverages highly accurate and temperature calibrated MEMS gyroscopes and accelerometers to provide high performing inertial solutions across many applications. Solutions include Inertial Sensing, Assured Position Navigation and Timing (APNT), GNSS Tracking, LiDAR Scanning, Alternative Navigation (ALTNAV), Visual Navigation and Programmable Navigation Solutions.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements include, but are not limited to, information regarding the ability of VIAVI and Inertial Labs to complete the acquisition, including the satisfaction of the conditions to the consummation of the acquisition, and the expected, estimated and anticipated impact of the transaction on VIAVI's strategy and future financial results. These forward-looking statements involve risks and uncertainties that could cause VIAVI's results to differ materially from management's current expectations. Such risks and uncertainties include, but are not limited to, unforeseen changes in the strength of customers' businesses and high growth markets; unforeseen changes in the demand for current and new products, technologies, and services; customer purchasing decisions and timing; unforeseen changes in future revenues, earnings and profitability of VIAVI or Inertial Labs; the risk that VIAVI is not able to realize the savings or benefits expected from integration of Inertial Labs; the risk that the required regulatory approvals for the proposed acquisition are not obtained, are delayed or are subject to conditions that are not anticipated; and those risks and uncertainties discussed in VIAVI's Annual Report on Form 10-K filed with the Securities and Exchange Commission on August 16, 2024 and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2024.
The forward-looking statements included in this release are valid only as of today's date except where otherwise noted. Viavi Solutions Inc. undertakes no obligation to update these statements.
Media Inquiries:
Amit Malhotra
pr@viavisolutions.com
+1 202 341 8624
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SOURCE VIAVI Solutions
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