Spirent acquires US company

Spirent acquires US company

Crawley-headquartered Spirent Communications has acquired US company octoScope in a deal worth up to $73m.

Founded in 2006, octoScope is a technology company that provides accurate, repeatable and automated wireless test solutions and methodologies to the wireless industry.

It has been acquired from founder Fanny Mlinarsky, management and other investors.

Spirent will pay an initial cash consideration of $55m on a debt and cash free basis, with an additional consideration capped at $18m based on annual revenue growth targets for 2021 and 2022.

Eric Updyke, Spirent chief executive, said:  “The need for reliable and secure Wi-Fi is greater than ever and our teams look forward to working together to address an increasing range of complex Wi-Fi challenges for our customers.

“This acquisition supports our strategy of sustainable, profitable growth by establishing Spirent as the firm market leader in the expanding Wi-Fi space, adding to our 5G solution portfolio.”

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